Ultimate Group is expanding into another facility at Europarc in Grimsby.
The independent flexible packaging manufacturer focused on the food industry has signed a lease to occupy a high-spec new-build unit developed by Wykeland Group.
The 30,000 sq ft facility is one of two new buildings developed by Wykeland in the latest major phase of investment at the flagship business park.
Ultimate Group is expected to occupy the new building in the next few weeks, giving the business further capacity, increased flexibility and room for future growth, in addition to the company’s existing 120,000 sq ft of manufacturing, warehouse and office space at Europarc.
The overall investment project of which this transaction forms part will create up to 20 new jobs, adding to Ultimate Group’s existing workforce of 250.
Jeremy Hodson, Managing Director of Ultimate Group, said: “The additional control we will have from insourcing more of our warehousing and the increased overall capacity this transaction gives us is an essential part of our organic growth plans for the future.
“Having the additional space will give us many more opportunities to be more flexible in our use of our overall Europarc footprint to facilitate better workflows and increased efficiency, resulting in being able to be even more agile and cost-effective throughout our operations.
“It’s extremely challenging to move operations around and locate new machinery when running 24/7 and this investment will definitely free up much-needed space to help us to achieve that too.”
Europarc has more than 800,000 sq ft of business space, with over 2,500 people employed on site. Blue chip occupiers include supermarket giant Morrisons, Sea Fish Industry Authority, the Hain Daniels Group of leading food brands and 2 Sisters Food Group.
Wykeland is now in discussions with a number of interested parties for the second unit, which has a floorspace of 15,000 sq ft.
The £3.6m development of the latest buildings at Europarc has been supported by the Greater Lincolnshire LEP.
Its Chair Pat Doody said: “We are delighted to have provided £1.8m towards this important scheme which will help support the growth and expansion of our food sector.
“The leasing of this unit to Ultimate Packaging confirms that we made a wise decision to contribute our Growth Deal funding to these bespoke units in the Europarc Food Enterprise Zone, and we look forward to seeing the wider economic benefits of this investment.”
The Minister for Regional Growth and Local Government, Simon Clarke MP, said: “When we invested £1.8m in the Europarc scheme through the Local Growth Fund, our ambition was to unlock jobs and boost the number of businesses in the area.
“That is why I am so pleased to see that Ultimate Group have expanded their business at this facility. This is great news for the people of Grimsby and is the latest project to unlock 20 new jobs while supporting growth in the local area.”