Leicestershire-based AC Valve Alliance has acquired additional space at its Coalville base with the help of a funding package from Barclays.

It has purchased a 22,181ft² building to expand its manufacturing and engineering departments to meet growing demand for its products (www.acvalvealliance.com) .

Established in 1997, the privately owned company supplies valves and actuators to Europe’s petrochemical, energy and general process industries; it employs 60 people.

Group finance director Jessica Findell said: “Our expanded facilities will allow us to meet a growing demand for our specialist manufacturing and engineering capabilities.

"In the new building, we planto install an overhead gantry crane system, which will enable us to manufacture larger pipe-skid systems to serve a number of niche markets in the valve industry.”