Heron Bros Group is pumping £6.5m into its MDF business, creating 30 jobs over the next two years.
The Co Tyrone group’s business makes skirting, architrave, kitchen parts and door frames and will expand its subsidiary ‘Promould’ in the investment.
Promould, which has been in business for more than 20 years, is a specialist manufacturer, and is recognised as a market leader in the sector, offering a wide product range, with real wood veneer, specialised paper, PVC and painted profile finishes.
The company’s other arm, Heron Fit Out, which will also benefit, was established in 2017 and specialises in timber fire door manufacturing, primarily servicing the UK and Ireland markets.
The company said the move is designed to meet growing market opportunities in the construction, refurbishment and fit-out industries.
New equipment, factory facilities and machinery will also be part of the spend, meanwhile the 30 new roles will include a mix of manufacturing as well as sales and administrative positions across both businesses, which are based on the Drum Road in Cookstown.
Martin Blaney, manufacturing director at Heron Bros, said: “This latest investment in our two manufacturing businesses in Cookstown represents a significant vote of confidence in the teams and the products they are delivering to meet changing market demands and new opportunities.
"We have experienced significant growth across both businesses in the last couple of years and believe that by delivering important synergies through this investment, we will make both businesses even more innovative and competitive.
"This will now allow us to grow the team and our expertise to help deliver our ambitious growth plans for the manufacturing and supply side of the Heron Bros Group.”
Heron Bros. Ltd. was formed in 1956 by six brothers in Draperstown.
The company’s principal activities are construction, joinery manufacturing, building suppliers, quarrying, property investment and development.
Over the years, it has diversified into the renewable energy sector through its HHT Renewables Division.
The firm reported sales of £128m and pre-tax profits of £14.5m in its latest accounts back in September.
Sales had grown by 20% from £106.9m to £128.4m, while pre-tax profits had more than doubled from £5.4m to £14.5m, however, the period was considerably lengthier than previous accounts — 18 months rather than the usual 12.
It said the pandemic had brought “a significant impact on the economy as a whole and on the construction industry through the temporary closure of all but the most essential of construction sites”.
A breakdown of its sales figures showed an increase in the sale of goods from £105m to £124.8m. Its rental income had grown from £1.9m to £3.6m.
The company’s growth continues to be driven through consolidation of existing operational sectors, innovation, and the pursuit of new markets, it says.
It also recently announced the appointment of Damien O’Callaghan as group managing director.
He succeeds Damian Heron, who is now executive chairman of Heron Bros Group.