Forest Garden restructures with £2.5m investment
Published: 5 September 2008
Bank funds development of manufacturing buildings and storage facilities at Hartlebury headquarters. Eardisley site to close this year.
Forest Garden has secured a £2.5m investment from Royal Bank of Scotland to expand and redevelop its Hartlebury headquarters.
The garden buildings supplier said the funds will be used to create the largest manufacturing and distribution facility in the sector.
Forest's plans include the development of an additional 107,000sq ft of manufacturing facilities and 10 acres of stock storage.
It will, however, close a manufacturing and distribution site in Eardisley, Herefordshire on December 5.
Chief executive Jonathan Halford said the move builds on the progress Forest has made since a management buy-out in 2006.
He said: "It will ensure we have a long term, robust and flexible operating model on which to consolidate and develop our market-leading offer for both store and home delivery distribution."