Goodfellow turnover rises by £4m following acquisition
Goodfellow, which employs more than 100 people at its Ermine Business Park facility, has overcome global issues with supply chain disruption and rising energy prices to post a £4 million rise in turnover in the first full two years following its acquisition by Battery Ventures.
This growth has been achieved by the firm’s ongoing investment in stockholding, its expert team of technical scientists and bespoke processing services that continue to be a valuable resource for R & D departments and scientific specialists looking to push the boundaries of innovation that achieve cutting-edge applications.
CEO Simon Kenney said: “Our specialist materials are used in some of the world’s most challenging projects and we often tend to be a critical partner to emerging global sectors; we are seeing this with electrification and high-profile fusion technology.
“There is no doubt that this track record has been crucial in helping us reverse a general downturn in our sector to continue to grow over the last 12 months and we have to tried to leverage our market position by introducing three new ranges last year, including Custom Alloy Powders, Microfoils and Rare Earth Oxides.
“This year we are hoping to introduce Metal-organic Frameworks to our offer and, due to their tunable large surface area and high porosity, these can be used for applications including catalysis, carbon capture adsorption processes, gas sensors, energy storage and drug delivery systems.”
2024 will see the culmination of a significant investment in a new ERP system that is being installed to support the firm’s complex range of 170,000 catalogue products and the growing success of its bespoke processing services.
Kenney said strides were also being made in the medical field as customers leverage the properties of Goodfellow’s innovative materials and design process that provides samples and technical support to aid development of new solutions. These include innovation in cochlear implants and pacemakers.
