We have secured a funding package with HSBC worth £1.6m.
We work with some of the world’s biggest heavy plant manufacturers, including: Case, New Holland Tractors, JCB, Komatsu and Volvo Construction and employs more than 100 people.
Over the last three years we have seen rapid growth and confidence develop in the business and we are exporting our products all over the globe throughout Europe, Asia and the Americas.
The funding will enable TMAT to expand further into global markets and continue its product development plan, innovating new technologies specialising in Polyurethane Elastomer products.
Working with our clients we are able to design and develop bespoke applications that perform better and significantly reduce costs.
For the past two years Advent Partners has played a major role in supporting TMAT as key investors in the business.
Jason Lippitt, Managing Director at TMAT, said:
“Having grown by more than 25% in 2010 and recording record sales each quarter, it’s been quite a year for the company. We have secured new contracts that will ensure on-going growth over the forthcoming years. The partnership with HSBC underscores the bright future for us as a business and the manufacturing industry as a whole.”