Oswestry-based CV Rollers, which manufactures bearing-related products, is targeting growth after securing a £97,000 grant from the Marches Local Enterprise Partnership.

This will be used to pay for essential expansion work to help the company meet demand for its products in the USA.

The business was formed in 1966; it was acquired by current directors Kevin Taylor and Colin Derbyshire in 2013. Since then, its turnover has increased from £800,000 to more than £2.1 million.

It was the firm’s relationship with Hansen International — a global leader in commercial- and industrial-vehicle components — that expedited the need for further growth.

Mr Derbyshire said: “Our relationship with Hansen opened the US market to us; we’ve subsequently secured orders with OEMs and two of the main fire truck manufacturers over there. Added to this, our business in the UK continues to expand on an almost daily basis.

“Without this grant, we wouldn’t have been able to contemplate such a rapid expansion. It’s likely that we’d have been looking at gradual growth over two to three years, as opposed to the six months that we will have achieved this in.”

The expansion has allowed the firm to create five new full-time jobs to supplement its existing workforce of 18.

The building work has seen an extension on one side of its factory and the creation of a mezzanine floor where further CAD design work and administration can be carried out.