Atlas Composite Technologies has received a seven-figure investment boost to fuel its growth plans.The support of WeDo Business Investments will allow Atlas Composite Technologies to invest in new plant and equipment, its premises and additional staff as it prepares for its next phase of expansion to meet increasing demand in the UK and overseas.Atlas designs and manufactures complex composites for use in a range of sectors including aerospace, defense, medical, elite motorsport and niche automotive such as supercars and hypercars.The company, which was acquired by brothers Lloyd and Jason Pearson in 2017, operates from three sites in Ilkeston, Derbyshire and employs almost 120 people. It is on track to post record sales of GBP 9.3 million this year, up 25 per cent from 2021.Atlas expects to expand its facilities to drive further development in existing markets and diversify into new sectors.
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