Manufacturing group Impacta has expanded its Black Country base after securing a new finance deal to buy land next to its current HQ.

The company, which makes specialist packaging for the automotive and aerospace industries, acquired 60,000 sq ft in Field Street, Bilston, and has installed new robotic welding cells and is also manufacturing a new cushioned packaging product.

Impacta has won contracts with a number of car manufacturers across Europe, including Jaguar Land Rover and Ford, to provide new packaging for car components, as well as refurbishing existing packaging containers to suit new car models.

The business said it was aiming to grow turnover from £3.5 million to £4 million next year.

Impacta employs 46 people and was formed in 1989 by brothers Lloyd and Warren Morgan.

They originally focused on producing textile school bags but started working with the automotive sector in 2003 when MG Rover approached it to see whether it could produce specialist packaging for its vehicles.

Warren Morgan said: "We have won a number of new contracts recently. We felt purchasing the site next to our Bilston operation would give us the space required to expand the business and broaden our product range.

"Demand from the automotive industry is extremely strong at present and many manufacturers are bringing out new models, so require either new packaging units or refurbished ones."

HSBC's Black Country and Shropshire Commercial team provided a £150,000 funding package to support the acquisition of the land which was previously a disused petrol station.

The deal was led by international commercial manager Nicki Ward and allocated from HSBC's £100 million SME Fund for businesses from across the Black Country region and Shropshire.

Area commercial director Kevin Skym addd: "Impacta is a company involved in the automotive supply chain that is benefiting from the buoyancy of that industry.

"This expansion was vital in helping it to win a number of new contracts, so HSBC was delighted to support this investment."

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