Tom Bateman Retires
In 1986 Tom Bateman retired from the business. The Cooke family, who still owns the business today, took over 100% ownership of COBA. A new expanded board of directors was appointed.
Space was still proving an issue and two acres of land in Fleckney was purchased in 1987 for the construction of a purpose built factory and offices; the site of COBA’s headquarters today. A three phase plan was implemented; the first move from Kibworth to Fleckney was made in 1989.
Creamfine Merged With COBA Plastics Ltd
Creamfine in Coventry was also expanding through the introduction of many new innovative products, many of which manufactured under licence. However, the recession hit this business hard in the late 80’s and eventually the site was closed, and Creamfine was merged with COBA Plastics Ltd in November 1989. The move to consolidate the businesses had been part of a long-term plan.
The Extrusions Division and The Matting Division
Both COBA Plastics Ltd and COBA International Ltd entered a dramatic period of growth during the 1990’s. Further consolidation plans were implemented and the two companies were merged, operating as two divisions – The Extrusions Division and The Matting Division.
Phase 2 of the expansion plan commenced in 1992.