A Tamworth-based equipment supplier to the plastics industry has expanded its service offering and established a new division after receiving six-figure lending support from Lloyds TSB Commercial.
Summit Systems provides customers with state-of-the-art plastic processing and recycling equipment which enables them to be more efficient and deliver less wasteful production.
The business has expanded to set up a specialist recycling division, ‘Boomerang Plastics,’ in order to recycle used yogurt cartons from customers including Müller Dairy into reusable plastic.
The new recycling operation has the capability to process several thousand tonnes of material per year, which would have previously gone to landfill sites.
Summit Systems has an annual turnover of around £7 million and now employs 42 people, after an additional eight members of staff were recruited to specifically work within the new division.
Established in 1990, the business operates from three sites in Tamworth, with Boomerang Plastics occupying new 7,000 square foot premises on the Lichfield Road Industrial Estate.
Sam Hill, managing director at Summit Systems, said: “The investment in our new specialist recycling division reflects our ambitions as a forward thinking and progressive business, and we are particularly keen to work closely with Müller Dairy to support their ambition to achieve neutral landfill by 2015.
“Having invested into this initiative, we anticipate an increase in sales in this area of the business in the coming financial year and of course, it has also resulted in additional employment opportunities within the company.
Adrian Burden, relationship director for Lloyds TSB Commercial, said: “Summit Systems is an exciting, innovative and progressive business that has expanded and developed in recent years to become an increasingly well-established player in the plastics industry.
“We want to provide businesses with the support and expert knowledge to encourage growth and enable expansion such as this, whatever the market conditions.”