Fine Industries (“Fine”) is a leading contract manufacturer of high quality fine chemicals, principally active ingredients and intermediates, for use predominantly in the crop protection and pharmaceutical industries. Fine operates from a well invested, 55-acre site on Teesside and has an established international customer base that includes four of the largest global agrichem businesses.
Founded in 1977, the business employs 314 staff and achieved turnover of £52 million for the year ended 30 September 2015. Following five years of growth, the business was backed by NorthEdge in November 2013.
NorthEdge was attracted to Fine because of its strong market position and its reputation for excellent customer service and quality control. The Company has invested heavily in recent years and has one of the highest quality asset bases and production facilities in the sector. The business operates in a global market and serves a range of international blue chip customers.
Fine has a dynamic, ambitious and entrepreneurial management team that was recently strengthened with the appointment of Chris Gowland as CEO. Chris is a Chemist by trade and the former Managing Director at Aesica Pharmaceuticals.
The NorthEdge investment will be used to further accelerate Fine’s growth plans and become a strategic agro-chemical development partner to its customer base.
Chris Gowland commented: ““The backing from NorthEdge provides us with a strong financial platform that allows us to grow and develop our business in a highly competitive and technical market place. In recent years we have significantly invested in expanding our production facilities to provide an industry leading platform, supporting a long term, strong and profitable business. The expansion has been undertaken with one eye on our customers’ needs for ongoing continuous improvement in cost whilst maintaining the highest standards of quality and safety. As a result, it is our technical capabilities which set us apart in the market today and the passion of our colleagues and investors that give our customers the confidence that we will always deliver.”