ITF Stockists grows supplies with investment
A Wednesbury-based industrial tube and fittings stockist has launched a new product range after securing a six-figure funding package.
ITF Stockists has also expanded an existing line of products after obtaining the trade finance loan from Lloyds TSB Commercial.
The company distributes steel products to customers operating in the fire protection and mechanical services sectors.
In December, the company is set to launch a new product range called ‘pipeclamps’ which are used to connect galvanised tubes across applications like handrails, guardrails and play areas.
ITF Stockists will also expand its existing range of dual certified tube products.
Established in 2005, the company has an annual turnover of £5.5mand employs 25 people.
Rosemary Slater, director at the compnay, said: "ITF Stockists has enjoyed solid growth and progression over the last few years, but we felt that now was the right time to really accelerate our product supply capabilities.
"The new 'pipeclamps' range is an exciting development for ITF Stockists and will enable us to give greater choice to our customers. Having invested into new stock for this initiative, we anticipate an increase in sales in this area of the business in the coming financial year."
