Cold storage expansion will create 150 new jobs
ACOLD storage company is looking to expand its business in an investment creating 150 new jobs.
The Wild Water Group is looking to convert a 130,000 sq ft factory in Aberbargoed, located on a 12-acre site, into a one-stop-solution for cold storage.
The company anticipates the new facility would create 150 new positions, over the next three years, from senior management to apprentices, shop floor staff to administration roles.
The demand for cold storage has led the company to look to expand.
Wild Water Group was founded by Ken Rattenbury, who is the managing director and sole shareholder along with his wife, already has three sites in south Wales.
“It is fantasic for us to be going for a facility in Aberbargoed area,” said Mr Rattenbury.
“We already have the facility in Merthyr, and we will look to work with other companies in the area and reduce everyones carboin footprint.”
The Cardiff coldstore has 15,000 pallet spaces, while the Merthyr coldstore has 4,000 pallet spaces.
These two sites, Mr Rattenbury said are home to the only two blast freeze facilities in South Wales. And demand means the company needs to expand.
The comapny’s third site, in Llanishen, has an 50,000 sq ft of ambient storage, and 35,000 sq ft of external, undercover sorage.
Until now the company has been self funded, but with the new site Wild Water is getting backing from the Development Bank of Wales and Lloyds Bank.
Nigel Payne, who joined the company as a non executive director, says he sees a huge opportunity for a Welsh company.
“The Aberbargoed site is a template for a north Wales facility,” he said.
“We are having a lot of discussions already in the north,”
Wild Water Group has a current annual turnover of £5m and Mr Rattenbury believes they can increase that figure within 12 month by a £2m, and then reach £10m within five years.
The transport side of the business has seen the businesses fleet increase from eight to 12.
An important aspect in the growth of the firm has been the ability to package products, creating a one-stop-shop for businesses.
Mr Rattenbury is keen to explain the company is just as happy to work with small businesses looking to export as they are with the big players.
The company is already finding itself unable to cope with the demand, Mr Rattenbury saying the business is forced to send turkeys to coldstores in England at Christmas.
Currently from the Cardiff coldstore the firm packs containers on behalf of customers for shipment, trucks them to Felixstowe for sea shipment to destinations around the world, such as Japan, Australia, and Spain.
Mr Rattenbury remarks there is a huge demand for local bread in Spain - “for their bacon butties,” he says.
And another feather in the cap for the company is that export cheese to France.
For all the breaking business news follow us on Twitter @
> The site of Wild Water’s new facility in Aberbargoed