A manufacturer and distributor of specialised high quality fasteners, components and hardware for the aerospace, defence, motorsport and industrial markets has been presented with the prestigious Queen’s Award for International Trade.
Swindon-based Clarendon Specialty Fasteners was one of 201 organisations nationally to be recognised with a prestigious Queen’s Award for Enterprise back in April.
Last week, the firm was presented with its trophy by The Lord Lieutenant of Wiltshire, Sarah Troughton.
Initially specialising in the distribution of aerospace hardware into motorsport and Formula 1 in particular, Clarendon soon became a market leader for the supply of fasteners for use in niche and specialist applications.
Having established a well-respected reputation, Clarendon is now recognised as a leading and integral hardware supply partner throughout its chosen market sectors.
Since 2001 and following the acquisition by Diploma Plc, the business has grown organically as well as strategically through the acquisition of complementary businesses incorporating Amfast (2012), Specialty Fasteners & Components (2014) and Coast Fabrication, Inc. (2017). All acquisitions have helped broaden the company’s product offering as well as extending its market reach.
The company has achieved rapid growth in overseas sales in recent years with export sales increasing from £3.6 million in 2016 to £6.4 million in 2017 and £8.6 million in 2018, representing a total increase of 140 percent over the three year cycle. The top five export markets are Italy, France, Germany, South Africa and Thailand.
Clarendon plans to continue on its growth trajectory and achieve substantial further increases in export sales. It is already in the process of establishing physical locations in Germany, Thailand and the US to further develop strong relationships with customers in these geographies.
John Hunt, Managing Director, said: "“We are honoured to receive the Queen’s Award for International Trade. It serves as a testament to all employees whom without their sheer determination and hard work, we would not be in this position today.”
Paul Sanders, Sales Director, added: "“This award comes at an exciting time for Clarendon as we extend our global footprint into new markets and is the UK’s highest accolade for business.”