Fracino posts unprecedented £4.1m turnover
And further expansion overseas
Multi award-winning Fracino is marking a momentous year end with an unprecedented £4.1m turnover, a raft of new clients – and further expansion overseas.
Marking a 14% increase in sales across the last 12 months, exports now make up 28% of turnover for the espresso and cappuccino manufacturer which sells coffee machines to the Italians and produces almost 4,000 machines annually.
Launched in a garden shed in 1963 by founder Frank Maxwell - hailed as ‘the oracle of espresso’ through the last five decades - the third generation family business has developed five machines across 2009-2013 and is poised to unveil a new touch button machine.
New customers include Nisbets - the 'leading multichannel' company for catering equipment and catering supplies which has expanded across Europe, Oceania and North America.
Said Heather Beattie, Brand Manager at Nisbets, “Our customers demand the very best equipment that is built to withstand the rigours of a commercial environment. Consequently, we require machines are able to deliver the same reliability and high standards as the rest of our range. The Fracino coffee machines fit that criteria perfectly.”
Posting double digit growth since 2009, the 44-strong manufacturer is recruiting for six additional appointments across 2014. The business is likewise continuing to make export waves – expanding its global reach to a further ten countries including Singapore, Norway and Denmark – since January this year.
Fracino MD Adrian Maxwell, a former Rolls-Royce engineer who drives the company’s growth and innovation, said: “The last 12 months have been ground breaking as we celebrated our 50th anniversary with a raft of award accolades, ramped up our manufacturing capabilities by producing our own copper boilers – and maximised international trade opportunities.
“It’s tremendous that we’re supplying Nisbets which is highly respected as the UK’s largest catering equipment supplier with over 30 years’ experience in serving the catering trade. Ongoing investment in new products and machinery will remain our top priorities over the next 12 months.”