ICE, Inspired Cycle Engineering design, which builds and constructs recumbent trikes, has expanded into new premises in Falmouth.
The company has purchased a 5,307 sq ft industrial unit on the Tregoniggey Industrial Estate in Falmouth.
The company, which now employs 20 people, was started by business partners Neil Selwood and Chris Parker 13 years ago.
Since then annual sales of their trikes have grown from around 100 in 1999 to 1,100 this year, with the American market accounting for around 70% of its sales.
ICE has a network of dealers all over the world, but is determined to keep the company’s manufacturing and design base in Falmouth.
Selwood said: “The reason we’re based in Cornwall is not because we do any significant business here, it’s because we want to live here. By buying the premises freehold instead of renting we are committing to staying put in Falmouth for the foreseeable future.”
The deal to buy premises off a guide price of £325k was negotiated by Miller Commercial.