NFT opens £2m site
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NFT OPENED its 90,000ft2 £2m Middleton depot on Saturday (1 October).
The Greater Manchester facility includes a 70,000ft2 chilled warehouse, plus storage capacity for around 1,200 pallets, and is expected to enable transshipment of 20,000 pallets per week. FMCG operator NFT says it acquired the new site to take advantage of opportunities in the North West, as well as providing a gateway to Ireland.
NFT CEO David Frankish says: “With more than £20m invested in the business in the past four years, this new development is a step forward in our growth plans.” The new hub expands NFT’s warehousing capacity in the region by around 60%. Throughput capacity is already at 45%, with an expected rise to 85% by March 2012. NFT’s latest financial results, for the year ending 31 March, revealed a profit of £1.4m.