Shares in Victorian Plumbing Group PLC (AIM:VIC) climbed 6.5% higher to 82p after the online specialist bathroom retailer announced that it is opening a new distribution centre in the autumn.
The company said the new, 544,000-square foot, purpose-built distribution centre in Lancashire, which has a lease of 20 years, will support its strategic expansion and enable consolidation of some of its existing sites.
"This new facility represents another exciting milestone for the business, providing us with capacity to manage growth in the long-term while further establishing Victorian Plumbing's position as the No. 1 bathroom retailer in the UK,” commented Mark Radcliffe, founder and chief executive officer of Victorian Plumbing in a statement.
“I am also delighted that this new facility will create additional jobs and further support our investment in the local area." he added.