Business
£1m investment to kick start New Year for Masters of Stretham near Ely
Cracking start to 2024 for Cambridgeshire logistics company
Warehousing and distribution specialist Masters of Stretham near Ely is set to start the New Year with a £1 million investment as it gears up for growth. The cash injection comes just over 12 months since the business was acquired Knowles Logistics of Wimblington.
Investments include a series of system upgrades as well as five new rigid trucks and ten new fork lifts.
Masters has purchased three 26 tonne Volvo FE 320 Rigid trucks and two 18 tonne Volvo FE 320 Rigid trucks.
Masters’ new forklifts will operate at the company’s warehouse operations.
Investments include a series of system upgrades as well as five new rigid trucks and ten new fork lifts
Mark Stoodley, managing director of Masters said: “Our new suite of system upgrades will essentially underpin every facet of the business by streamlining our warehousing operations, financial operations, and transport solutions.
“As a business, we are committed to reducing emissions and in turn creating a sustainable and economical business that can cater to the needs and requirements of its customers, so we took the strategic view to invest in systems that will provide such solutions, without compromising on growth and customer service.
He added: “We are confident that our £1 million investment will set the foundations for a positive new year.”
