The company has acquired two new sites in Blackburn with Darwen and will now trade as MGS Technical Plastics Ltd and MGS Medical Plastics Ltd.
The sites allow the company to house separate and specialised medical and technical manufacturing facilities, as well as improving logistics and ease of access.
John Sturgess, director, said: "We've always had the latest injection moulding machinery, but the old mill we operated from had some logistical challenges - not least of all because we worked across three floors.
"Our new homes allow us to focus on what each department does best, with room for growth in the future. We see the medical side of our business especially as having great potential and now we are better prepared to capitalise on that."
MGS Medical Plastics moulds medical filtration products and disposable medical devices. The medical facility is a brand new, purpose-built site covering 1,000sq m, of which 250sq m is a Class 8 clean room that cost £90,000. It will allow full medical moulding, assembly and packing through six injection moulding machines, and also means that MGSMP can now work towards its ISO 13485 accreditation.
MGS Technical Plastics has moved into a 2,000sq m factory. It will house fifteen injection moulding machines which are will be used to mould a wide variety of products ranging in size from 1 gramme up to 3700 grammes. Typical sectors that MGSTP currently works with include hygiene, leisure and sports, and health and safety and lighting
John Sturgess continued: "We are delighted with our two new acquisitions, especially as they are not too far from our previous home in Bolton.
"The move gives us great cause for optimism and we are excited about the future."
Funding for the expansion plan was sourced by RBS throughout the Regional Growth Fund. MG Stuma currently employs around 70 people and was previously based in Bolton.
About MGS Medical Plastics and MGS Technical Plastics
MGS Medical Plastics and MGS Technical Plastics are the new names of MG Stuma, better reflecting the company's major product areas - plastic injection mouldings for medical and hygiene markets; and security, leisure, safety, lighting and electronics.
With hundreds of different injection moulded plastic products, it's hard to highlight ‘typical' products, but the company manufactures: roller towel housings, which it assembles for its clients, microwave steamers, hard plastic helmets for the building industry and white water rafting protective head gear, high-tech plastic components for military communication equipment and mass produced small plastic caps and filters.
Established in 1974, the family owned company has around 100 employees and a turnover of £6.5 million.