Manufacturing is returning to the former home of Sealine International after the luxury boatbuilder’s collapse hit the region hard last year.

Quantum Mouldings has bought one of the empty Sealine factories in Kidderminster and will re-introduce fibreglass manufacturing to the site, creating new jobs for skilled workers that lost their jobs when Sealine was sold last year.

The family business, which has been trading for 30 years, will invest £1.2 million in the move, which will see its workforce grow to 50.

Up to 300 jobs were lost when Sealine it collapsed in May 2013 after being loss-making for a number of years.

However, it is a different story at Quantum Mouldings, which has outgrown its existing premises in Enville Street, Stourbridge.

Owner and director Peter Wooldridge said: “We are passionate about keeping manufacturing skills in the area and re-establishing the production of GRP products in Kidderminster.

“We are also looking to build on our experience with green technology companies.  We have already supplied parts for wind turbines and electric vehicles and believe there is huge potential to develop more business in this exciting market sector.”

Quantum Mouldings’ £1.2 million investment in the relocation and fit-out of the new premises came after a European Regional Development Fund grant from the Green Bridge Supply Chain Programme which will match fund some of the moving costs and market research into emerging green sectors.

The new factory will provide twice the amount of space, 50,000 sq ft  and allow the company to pursue its ambitious plans for growth.

Ten new jobs will be created within the first six months, meaning a workforce of 35, which is expected to double to 50 in three years.

MP for Wyre Forest Mark Garnier said: “This is great news for manufacturing in the region.  I am delighted that a local family business is able to give the Sealine site a new lease of life and provide new opportunities for employment.”

Quantum will now commence work on building new offices and upgrading the factory before installing new machinery in order to begin production in September.