The Wandsworth Group has announced a significant strategic investment programme to enable further expansion following a £7 million cash injection into the business.The 108-year-old company is the longest established independent manufacturer of wiring accessories in the UK and has already announced a move to custom-fitted new premises in its home town of Woking, Surrey. The investment funds will enable The Wandsworth Group to maximise the benefits of its new headquarters and production plant with investment in new product development across its wiring accessories and healthcare technology business. The funds will also help the company to drive international expansion and acquisition opportunities where there is a synergy with the existing business.
Explains Chairman of The Wandsworth Group, Charlie Salter: “The move to our new premises reiterates Wandsworth’s commitment to product development, UK manufacturing and quality control and our new site next to McLaren Engineering is a state-of-the art facility with room for growth. Our focus on playing to the strengths of our century-long heritage while investing in next generation innovation for wiring accessories and healthcare technology will enable us to accelerate growth and market share here and internationally.’
Wandsworth has mapped out an investment programme involving product development of its premium Penthouse range of wiring accessories and expansion of its wireless accessories range.
Charlie Salter adds: “Whilst we remain a family-owned company with traditional values and a commitment to British manufacturing, The Wandsworth Group is also a very dynamic business with an exceptional technical skills base and a clear marketing vision. The investment will help us leverage those strengths and build on our success.”