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Vacuum furnace expert gets backing for growth

Buildings

Halesowen-based Vacuum Furnace Engineering is boosting its future growth plans with the help of a substantial funding package from Santander and private investment firm SEA Equity. Leading West Midlands businessman Roy Kishor has taken the role of chairman and will lead the management team in growing the £10m turnover firm over the longer term, seeing a major opportunity to expand its contract servicing and repair business, develop the next generation of vacuum furnaces and set up a new apprenticeship scheme. Santander Corporate & Commercial Banking in Birmingham provided a growth capital loan, senior debt and a revolving credit facility through Relationship Director Steve Mitchell, Relationship Manager Hannah Clarke, Credit Partner Robert Lapper and Growth Capital Director James Cooksey. The growth capital facility is part of Santander's Breakthrough programme.

 

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