Specialist engineering firm ONFAB Limited has secured a multi-million pound investment from Foresight Group.
The £3m boost, awarded through the Foresight Regional Investment Fund, will enable the Middlewich-based company to grow in the UK and overseas.
ONFAB, which currently employs a team of 20 on an annual turnover of around £3m, plans to expand its management and sales team and place a renewed focus on new product development, production and operations.
The Foresight investment will also help ONFAB launch a second manufacturing facility in Albacete, Spain, that will double its production capacity.
A designer and manufacturer of containment solutions primarily for use in pharmaceutical manufacturing, ONFAB was founded in 2004 by former AstraZeneca engineer Oliver Nulty.
Oliver said: "When a business owner realises that they need external support and expertise to grow and realise their company’s full potential, they are faced with a most difficult question: ‘who is the right investment partner?’
"I am delighted to say that our choice to work with Foresight and the Foresight investment team was the right decision. Their attention to detail, vast experience and commitment to our values have made a difficult transaction manageable and less stressful.”