Fracino’s continued success brews up highest ever £4.6m turnover.
Espresso coffee machine manufacturer Fracino is marking a prominent year end with a milestone £4.6m turnover, a staff increase of almost 40% - and a raft of awards.
The 60-strong team has enjoyed a 12% increase in turnover across the last financial year, a highlight of which included producing a bespoke machine for SUBWAY® franchisee outlets in the UK.
Posting double digit growth since 2009, and with exports constituting 24% of turnover, the manufacturer has further demonstrated the strength of their ongoing export strategy with the announcement that the SUBWAY® franchisee contract has been expanded to include Poland - marking yet another export milestone.
The success of the third generation family business has been further recognised having clinched a hat trick of awards within the last month alone – the New Frontiers Red Ribbon awards run by Family Business Place, Midlands Family Business of the Year and the West Midlands Business Desk Business Masters awards Manufacturer (SME) accolade.
Relentless innovation has seen the business - which was launched in a garden shed in 1963 - produce seven machines in the last seven years and invest almost £4m in new premises, machinery and product development since 2012. New customers in recent months include The Botanist Bar in Birmingham’s Temple Street.
Adrian Maxwell, MD, said: “2015 has been a phenomenal year for us as we continue to smash our targets and make new inroads at home and abroad. We are likewise extremely proud that our innovation and achievements are reflected in the series of awards we have received.
“As a champion of supporting the Midlands economy, it’s great that we’re continuing to expand our team to meet demand and look forward to creating further employment opportunities across the next 12 months.”