Nuaire buys second manufacturing site at Caerphilly

Nuaire buys second manufacturing site at Caerphilly

January 7, 2021

Indoor air quality and ventilation manufacturing specialist Nuaire has acquired a second manufacturing site on Western Industrial Estate in Caerphilly. It has purchased the 61,000 sq ft industrial unit adjacent to its current site on the estate for £2.4 million from a private investor, who was advised in the transaction by property consultancy Knight Frank.  Nuaire was represented by Fletcher Morgan.

The acquisition of the new five acre site will enable Nuaire to double its current manufacturing capacity.  Managing director Wayne Glover said: “Although 2020 has been a tough year for our industry we haven’t shied away from investment into new product development, our people, in the latest technology or our manufacturing facilities. By taking a long-term approach to investment we have created a solid foundation on which to build our future.”

Neil Francis, head of Knight Frank’s Logistics & Industrial team in Cardiff, said: “With the property becoming vacant and Nuaire having an immediate requirement we were able to negotiate an off-market sale that satisfied both parties.”

Fletcher Morgan’s David Mullins commented: “This purchase is a significant investment for Nuaire. The additional capacity will allow the company to take a more agile approach to meeting customer needs and the ever-increasing demand for faster build times and delivery.”

Nuaire celebrates its 50th anniversary of operating in Caerphilly in 2021 and has shaped the industry with ground-breaking products for over five decades, setting the standard in clean air and energy-efficient ventilation products. It employs over 500 people and will continue to seek acquisition opportunities during the coming year.

Wayne Glover added: “By making such a significant investment at a time of such uncertainty, we are demonstrating our confidence in future growth. This is a big step forward in consolidating our position as a market leader in the ventilation industry; we were fast outgrowing our current site, and we hope our continued success will lead to more job creation in the future.”

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