We are assisting Icon Plastics with ambitious growth plans
We are acting for the shareholders of Icon Plastics, during a period of expansion and growth.
Established in June 2001, Icon Plastics has been manufacturing and supplying plastic injection moulded parts and assemblies into many different sectors for over 20 years and has experienced another period of year-on-year growth despite the challenges posed by COVID19. Icon Plastics has secured new business within the Electronics, Automotive, Medical Health and Safety sectors which will see the company grow by 100% over the next 2-3 years. This growth has come from new supply contracts, new product development with existing customers and the reshoring of manufacturing supply from the far east and mainland Europe.
Lee Humble, associate partner at MHA Tait Walker Corporate Finance said, “We are delighted to be working with Icon Plastics. The team benefit from a broad client base across multiple sectors and they have been able to successfully navigate a difficult period for manufacturers – as posed by both BREXIT and COVID19. The confidence of the shareholders is demonstrated by the significant investment being made and we look forward to seeing the business continue to grow as they embark upon an incredibly exciting growth plan.”
To meet its supply demands, Icon has committed to and commenced a significant investment programme which includes investment in staff, technology, and infrastructure.
Gareth Thomas, Managing Director at Icon Plastics said: “For the team at Icon Plastics these are exciting times, we have secured new contracts through a proven track record of delivering good quality and good service to all of our customers across many market sectors. During the pandemic we continued to invest in our sites, machinery, processes and more importantly in our staff, the next 2-3 years will see us double our sales and to do that we will need to recruit and train additional workers and apprentices from the region”.
“Working with MHA Tait Walker has enabled us to plan our future safely and to understand the risks and also to identify opportunities for growth, financial planning has been critical to our future growth”.