Gusto Group picks up Rototek15 June 2012
Nottingham-based Gusto Group has bought rotational moulding business Rototek following the results of an in-depth study conducted by a subsidiary company.
Rainwater harvesting business Freerain, part of the Gusto Group, created five jobs and safeguarded 44 more after securing £9,600 worth of funding support from the Sustainable Construction iNet, funded by the European Regional Development Fund (ERDF), in August 2011.
The money enabled the company to undertake an in-depth study into the potential market for a range of UK-manufactured water storage tanks. Gusto Group then purchased the rotational moulding business as a result of the findings.
Rototek trades from a 70,000 sq ft industrial unit in Newark and the production part of the Freerain business has now moved to the same site, with the sales and customer service side staying in Collingham.
Underground polyethylene water storage tanks capable of holding up to 10,000 litres are manufactured at the Newark site. The move has created five jobs and safeguarded 44 more.
Freerain managing director Terry Nash said: "The iNet support has been invaluable. The money was a huge help to getting the research study started but the support and enthusiasm of the advisors is second to none. We are now manufacturing in house instead of importing tanks from Germany and have a renewed confidence in our ability to successfully compete in this growing market."
iNet operates throughout the East Midlands assisting businesses to develop innovative techniques and services by offering support and match-funding of up to £10,000 per project.