Halesowen-based Vacuum Furnace Engineering (VFE)
(vfe.co.uk) says that it is preparing for a “significant development” after securing a substantial funding package from Santander plus investment firm SEA Equity.
The business, which designs, supplies and repairs vacuum furnaces, was formed in 1985 and has Rolls-Royce, Siemens and Boeing among its clients.
VFE chairman Roy Kishor said: “The funding we have received from Santander and SEA Equity will enable us to kick-start our next phase of growth and expansion. We are delighted that Santander has taken the time and effort to understand our business and our potential.”
Elliott Nicholson, a partner at SEA Equity, said: “VFE delivers a first-class service to its customers, and we are delighted to be backing the business on its next stage of growth. The management has ambitious plans to expand operations both in the UK and internationally, and this aligns perfectly with SEA Equity’s experience and expertise.”