Tyrone firm Metfinn announces £1.2 million expansion plan
CO TYRONE firm Metfinn has announced plans to expand the powder coating business as part of a £1.2 million capital investment.
The Killeeshil company, founded by brothers Shane and Jerone Kelly in 2013, specialises in metal finishing services such as powder coating, shot blasting and spray-painting.
The firm is now moving into new premises in a move backed by Danske Bank.
In addition, the brothers have agreed to incorporate the successful and long-established business Cabragh Engineering Ltd under the management of Metfinn Ltd, with both companies working together and collaborating on future projects.
Cabragh Engineering has been manufacturing concrete, crushing, screening and recycling machinery for a global customer base since the 1980s.
Metfinn managing director Shane Kelly said the business has grown quickly over the past six years, with significant growth anticipated over the next two years.
“We are excited to incorporate Cabragh Enginneering’s operations alongside those of Metfinn as it marks the next step in the growth of both businesses,” he said.
“Demand for our services continues to increase and we are confident about the outlook for the next few years.
“Danske Bank provided a strong banking platform and expertise of our sector alongside funding. We look forward to forging a long relationship as the business grows.”
Danny Hughes, business acquisition manager at Danske Bank, said: “As the economy opens up again following the Covid-19 lockdowns, we’re committed to helping Northern Ireland grow again and a key part of that is supporting ambitious businesses to action their growth plans.
“Metfinn is a fantastic local business that has grown significantly in a short space of time, gaining a good reputation for the high-quality work it does for its customers.
“We were pleased to be able to support Shane and Jerone with the next phase of their expansion plans.”