Robinson, the Chesterfield-headquartered custom manufacturer of plastic and paperboard packaging, has sold a property in Sutton-in-Ashfield.
A joint venture between Rotherhill Developments Limited and Euro Property Investments Limited has snapped up the site, which is currently used by Robinson for the manufacture of plastic packaging, in an almost £2.5m deal.
As part of the transaction, Robinson will leaseback the property for six to nine months. During this period, production will be relocated to a recently refurbished building on existing Robinson premises in Kirkby-in-Ashfield.
The relocation will require investment of approximately £600,000 and will provide future opportunities to improve operational efficiency in the UK plastics business.
Subject to the necessary planning approvals, Robinson says it expects further sales of surplus property in Chesterfield to be achieved in the next 18 months. It added: “The intention of the group remains, over time, to realise the maximum value from the disposal of surplus properties and to reinvest the proceeds in developing our packaging business.”