A US manufacturer of power transmission products and material handling systems has opened its first European operations at Spa Park, Leamington Spa and aims to create ten jobs by 2022.
Martin Sprocket & Gear has signed a 10-year lease for a 41,173 sq ft warehouse and offices at Spa Park, which has been jointly developed by Birmingham-based Stoford Developments and asset management company BlackRock.
Phillip Hewitt, general manager EMEA of Martin Sprocket & Gear UK, said the new venture means it can service existing and new customers in the Europe, Middle East and Africa regions, as well as complement its facilities across in the USA, Mexico, Brazil and China.
He said as well as creating local jobs, it was also committed to supporting the region’s economy by working with local companies, where possible.
“We looked at many sites across the Midlands and the north of England as our goal was to have a location that is close to the motorway network, to our major customers and to ports and airports. Spa Park ticks all those boxes.
“Our aim is to service the EMEA market by following the philosophy of our founder Joe Martin senior in 1951, of having large inventory, providing a quality product and being easy to do business with.”
Spa Park comprises four units and is located on Tachbrook Road. Last year it signed Liberty 920E, part of the prestigious Liberty Vehicle Technologies.
Edward Peel, Development Manager at Stoford Developments, said: “There remains strong demand for business units and warehouses of this size in the area, which has been experienced through the interest we have received in the scheme to date. The remaining two units on site are currently still available. However we are in discussions with a number of interested parties and hope to welcome the next occupier to the park soon.”