Pacifica Group acquire new site in Washington as expansion continues

Pacifica group has recently opened a new site in Washington, Tyne & Wear with the potential to create around 45 jobs through a £2m expansion.

The acquisition of a new warehouse on the Washington site will aid the growth and day-to-day running of
new company 'Spare Parts Online' providing a vast storage area of over 60,000 square foot. The site also contains office and welfare facilities opposite the main warehouse.

The expansion came after securing £500,000 from FW Capital, managers of the North East Growth Plus Fund, as part of a £2m funding round, which also included a £250,000 grant through the Let’s Grow fund as well as a £1.16m commercial mortgage and loan from HSBC.

Group Director Kevin Brown (far right of the photo) said: “This investment marks a major milestone for us as we embark on the next phase of the company’s expansion. It has put us in a great position to achieve our aim of becoming Europe’s premier support services provider to the domestic appliance industry.”

Joanne Pratt (second from the left on photo), FW Capital’s fund manager in the North East, said: “Pacifica has become a major player in the European domestic appliance industry and now provides customers with a comprehensive range of services. They’ve have built an excellent reputation and taken on additional staff as they’ve expanded. The move to Washington is an important step for Pacifica and I’m pleased FW Capital has been able to join forces with HSBC to come up with a funding package to back its continued expansion. This investment is an excellent example of how we can work alongside other funders to structure investment packages for ambitious North East companies.”

The expansion has created a number of new jobs within the area providing roles such as warehouse labourers, forklift truck drivers, pickers, packers, warehouse administrators and warehouse manager.

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