A West Midlands based, family-run technology company has its eyes on an ambitious growth plan that sees them target £30m in sales.
Needham Group operates three specialist laser, coding and ink technology businesses, and has launched an expansion blueprint that would see it triple revenues between now and 2025, with the possibility of creating 30 jobs in the process.
The firm, which was founded by Roger Needham in 1962, will be hoping to achieve this target by boosting export activity across three divisions, increased investment in marketing, extending distribution networks and developing capacity to take on more bespoke projects.
The management team will also be aiming for several strategic acquisitions that will allow it to increase its capabilities in its core technologies.
The Needham Group has grown from a regional distributor of marker pens in the 1960s to a diverse collection of businesses serving more than 30 different markets.
Needham Inks develops, manufactures and globally distributes inks, solvents and dyes that are used for a wide variety of applications, ranging from marking eggs or meat to high resistance solutions for automotive parts.