Company move drives significant growth

A premises move for marine and pump bearing specialist, Exalto Bearings UK Limited, is enabling the company to increase its turnover by more than 20%.

Exalto, which makes bearings for a number of OEM pump manufacturers and repair centres worldwide, moved to a new site in the Autumn of 2022 when it had outgrown its previous facilities.

Exalto’s Global Sales Director, Dennis Rawle, explained: “Before the move, we had been working from three separate buildings. Aside from the practicalities, a growing order book meant we were struggling with limited space.”

The company took four months to find its current location, which is only three miles from its previous sites. Thanks to the close proximity, all staff have been retained, which was important to the company.
The increase in production space has enabled the company to invest in eight new machines worth over £400,000 and increase its staff count by 20%. “With the space available now, we have been able to purchase two new CNC machines. This has enabled us to bring work in house which we had previously sub-contracted,” continued Dennis. “As well as giving us better control over production, it has reduced lead times for our customers and resulted in a further increase in orders.”

When the new facility was identified, it was initially considered too large. But the extra space has proved to be a real benefit and is supporting further growth potential. Mike Cosgrove, Operations Director at Exalto, explained: “We now have the space to develop new products with lining materials we couldn’t use before. This will open up the potential for yet more growth, and we will need to recruit more staff to support this.”

Concluding, Dennis said: “The move has brought about a significant benefit. We have a better facility for our staff, we have already shown significant revenue growth, and we have the potential for even more growth. It is underpinning an exciting time for Exalto.”