"The building and the local business community hold a very fond place in our hearts and although it is sad to leave [Waipawa], we are very excited to be taking the operation north to Napier," Mr Laver said.
The business had simply outgrown the Waipawa workshop and needed more space to keep up with demand, he said.
"The decision was made so we could set up a more efficient batmaking facility and to accommodate an expanded pod shaving team, to be closer to [the] port, and offer the majority of Hawke's Bay cricketers a handy one-stop destination for all their batting requirements."
The company had also been experiencing a surge in customers flying in from around the world and the rest of the country, and the new premises would be closer to Hawke's Bay Airport and make for a more convenient location.
In a bid to fund its expansion plans, Laver & Wood attempted to raise between $250,000 and $1 million from investors in a crowdfunding campaign late last year.
Though the campaign did not reach its minimum $250,000 target, Mr Laver said private investors had since come on board.
"[Their] investment in the business has made the move and expansion possible.
"We now have a showroom and more packing room and office space due to the mail order side being the dominant factor in our business," said Mr Laver, adding the company had taken on two new apprentices as part of the move.