Watson-Marlow pumps up sales and profits

The positive displacement pump manufacturer has seen 2010 sales increase to £103.0 million, up from £83.8 million in 2009. Sales benefited from a full year of contribution from the MasoSine pump business which was acquired in August 2009 and added 7% to the sales growth.

Watson-Marlow’s operating profit of £30.8 million in 2010 was up from £22.3 million in 2009.

Mike Sullivan, group marketing manager at Watson-Marlow, said: “We invested in the business through the recession in 2009 to improve manufacturing efficiency, accelerate new product development and increase penetration of our markets. We have continued to do so in 2010 thereby stepping up our investments in market development. These figures are extremely impressive and this is good news for our staff, our customers and the manufacturing sector in general.”