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Corporation
greenbankgroup.com

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Investments

1

About Greenbank Group

Provider of products and services for the heavy industry in power, coal, cement, steel, paper, glass, minerals, and other processing industries.

Greenbank Group Headquarter Location

Hartsthorne Road

DE11 7GT,

United Kingdom

44 870 607 8880

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Latest Greenbank Group News

Greenbank secures future of Derby manufacturing facility

Sep 14, 2021

Greenbank secures future of Derby manufacturing facility Credit: Shutterstock.com/ g-stockstudio A manufacturing facility in Derby is set for a new lease of life thanks to the expansion of a locally based engineering group. Work ceased at the industrial unit on Northbridge Business Park in Alfreton Road with the high-profile collapse of an historic engineering firm, but now Greenbank has stepped in to save part of the former Garrandale factory and a significant number of jobs. As part of a deal struck with administrators and the landlord, Greenbank has acquired on-site plant and equipment and access to the large Unit 7 facility. Greenbank has already re-employed numerous Garrandale employees and many more are being offered new roles. Charles Conroy, Greenbank Group Managing Director, said: “It was a sad day for the city when the factory closed in August, but by taking on the facility we will ensure manufacturing continues on the site. “The move also marks another significant step forward in our plans for diversification and further expansion, particularly in the rail sector.” Greenbank and Garrandale had previously worked together on the delivery of a number of contracts, including the manufacture of components for trains, rolling stock and railway infrastructure. “Looking to the future, this is set to become an increasingly important market for us, and we have already taken on twelve former Garrandale employees and we will be making more appointments in the near future,” Conroy added. At nearly 1,800 sq m, Unit 7 on Northbridge Business Park will complement Greenbank’s existing manufacturing and fabrication plants in Woodville, Derbyshire; Creswell, Nottinghamshire; and Connah’s Quay, Flintshire. The Derby site has been secured on a long-term lease through Derby-based agents DB Brown Commercial. A message from the Editor: Thank you for reading this story on our news site - please take a moment to read this important message: As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them. With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected. As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism. As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content. Just click here to subscribe and in the meantime may I wish you the very best. Share

Greenbank Group Investments

1 Investments

Greenbank Group has made 1 investments. Their latest investment was in GAIM as part of their Corporate Minority on February 2, 2002.

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Greenbank Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/1/2002

Corporate Minority

GAIM

Yes

1

Date

2/1/2002

Round

Corporate Minority

Company

GAIM

Amount

New?

Yes

Co-Investors

Sources

1

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