More than 35 jobs are set to be created after two expanding sister companies joined forces to move into a disused factory in Bourne.
Stanhay Webb, which manufactures precision seed planters, and Boss Cabins, which makes mobile cabins for building sites, have bought the former Trackline International warehouse in Pinfold Road in Bourne for £655,000.
The firms had been based in Grantham for three years and have already taken on staff since moving to the town. They hope to create more than 35 jobs over the next year.
Stanhay Webb director and shareholder Niall Wordsworth said the 65,000 sq ft property gave both firms “a huge amount of storage area and a much clearer production route”.
He said: “We’ve worked closely with our friends in Boss Cabins since both businesses emerged under new ownership in April of 2010.
“Both companies are doing well and sharing this facility into the future allows us to invest in our property while bettering our business.”
Mr Wordsworth said he was looking to grow Stanhay Webb “quite considerably” over the next few years.
He said: “We are looking at the emerging markets in China and India at the moment. This will be our long-term home for the company.
“We have bought a factory which is big enough to keep up with our expansion for the next 20 years.”
Mr Wordsworth said Bourne was chosen as a base because it was “well-served logistically” and had a wealth of skilled labour to draw from as both firms grew.
But he also said he was willing to consider young school-leavers for positions.
The companies have brought 55 workers with them in the move from Grantham.
But the firms are currently recruiting for more staff as some people decided not to relocate.
Trackline International closed in March 2012 after going into administration with the loss of about 30 jobs.
It had two warehouses in Bourne, one in Pinfold Road and one in Tunnel Bank.
Aerodyne Equipment, which manufactures bespoke aerodynamic solutions for lorries, moved into the Tunnel Bank warehouse in February.
Both warehouses were sold by Savills Peterborough on behalf of Peter Saville, Fraser Gray and Anne O’Keefe the joint liquidators of Trackline International.
Anyone interested in the positions at Stanhay Webb can e-mail general manager Nick Muller on email@example.com