S&W Wholesale has secured planning permission for a new £15m facility.
The company was given the green light at a Newry, Mourne & Down District Council Planning Committee meeting yesterday.
Construction for the new site, located approximately three miles from its current headquarters in Carnbane Business Park, Newry, is set to commence later this year.
The £15m investment hopes to support the business’s future growth plans right across the island.
It said the proposal for the 16,730sqm storage and distribution warehouse including ancillary office accommodation has been in planning for quite some time and offers a major boost to the business as it looks to the future.
S&W Wholesale chief executive Michael Skelton explained that the business has been curtailed recently due to space constraints and operating across multiple sites.
“This new facility will allow us to maximise our operational efficiency, while giving our valuable team of more than 300 people a pleasant, fit for purpose working environment,” he said.
Deputy chief executive and chief financial officer of S&W Anthony McVeigh added: “We have just celebrated our first year in an EOT- Employee Ownership Trust Model. This structure saw control of the 107-year-old business move from private ownership to a Trust model. The Trust’s Board ensures the business operates for the benefit of the employees. Building new premises fit for the future and to support ambitious growth plans was a vitally important part of the decision-making progress to move to an EOT.
“We would like to thank all those who have supported us with this project, and we look forward to working with the local community to be a responsible neighbour in our new location. This move is very important for our customers, staff, retailers, and our entire supply chain base.”
The construction of the new facility hopes to support 120 jobs during its build and aims to increase its payroll from just under £10m to about £12m in the near future.
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