A LEADING supplier of contractors’ tools, equipment and traffic management products is expanding with a new £3.75 million depot in Highbridge.

The move by PF Cusack (Tool Supplies) Ltd has created 20 jobs.

The 25,000sq ft development on a two-acre site in Bennett Road will serve customers in the South West and South Wales.

The deal has been supported by Allied Irish Bank (GB).

Founded in 1989, the company supplies the utility, construction, road and rail maintenance sectors and has an annual turnover of £32 million.

The 3000-strong product range includes personal protection equipment, road signage, traffic management devices, street furniture and electrical supplies.

Managing director Phil Cusack said: "Premises with the right amount of outdoor space for a business like ours are hard to find, so when we spotted this site in Bennett Road, we decided to build our own.

"The backing of AIB (GB) has been instrumental in bringing the development to fruition and the bank has been fantastic from start to finish."

He added: "Despite the uncertainty surrounding Brexit negotiations, the year ahead is looking strong, particularly in the utilities sector, and the new depot gives us the opportunity to grow the business significantly."

Tim Cooney, senior relationship manager at AIB (GB) who worked with P F Cusack on funding the new depot, said: "Phil and his management team are building a sustainable business that is set to make the most of the opportunities for growth."