A Heanor-based manufacturer of latex rubber for the medical, retail and leisure industries is set to expand into new markets and develop new products following a £3.2 million funding deal from Santander Corporate and Commercial.
Four D Rubber Ltd is investing in enhanced manufacturing capabilities in the UK and Sri Lanka and accelerating its product development programme, including new latex-free ranges.
The funding from Santander will be used for a wide range of growth-focussed initiatives including a redesign of Four D Rubber’s website and international sales and customer growth from the newly strengthened UK-based sales team.
“This is an exciting time for our business as we are now in a position to invest in new products and people, both in the UK and Sri Lanka,” explained Richard Gogerty, CEO, Four D Rubber.
“A key aspect of this growth strategy is to focus on the medical and exercise segments where we believe there will be increased demand in the future.”
These sectors form the basis of the key products lines for investment, said Gogerty, adding that for 2016, the management team is focused on expanding the business significantly, particularly with regards to overseas growth and international markets.
“Four D Rubber is an excellent example of a UK business which has developed a unique product and has subsequently carved out a niche market for itself. With Richard’s impressive experience in this industry, we are confident that the business will go from strength to strength in the coming years,” commented Steve Young, Relationship Director for Santander Corporate and Commercial.