Personal care company Reabrook celebrated three major achievements this month, according to an official press release.
Among these feats was the extension of their factory, including a new €1.45 million ($1.7 million) aerosol line; fifty years of business; and its transfer to employee ownership (EO).
The celebration was held at their purpose-built site with key-suppliers, customers, local dignitaries and over 200 employees in attendance.
Established in 1968 as Arrow Chemicals, Reabrook has grown into a conventional liquid supplier, providing for a wide range of markets from oil, gas and automotive to haircare and toiletries.
The company claims in the press release that investment has played a key role in their growth. It is detailed that strong support from one of the UK’s largest banks in HSBC UK has provided the finance to support the new aerosol line as well as a €1.1 million ($1.3 million) loan to assist in the company’s transition to EO.
Reabrook’s joint managing director, Tony Brealey said, “We firmly believe that empowered and engaged employees, who care deeply about the products they make, are vital to a company’s ongoing success. Employee Ownership is the perfect way to reward our loyal staff and to secure the long-term future of the Moira site.”