Acquisition
August 18 2005 - 3:02AM
UK Regulatory
RNS Number:2241Q
Robinson PLC
18 August 2005
FOR IMMEDIATE RELEASE 18 August 2005
Robinson plc
Acquisition of Polish manufacturing facilities
Robinson plc ("Robinson"; stock code: RBN), the custom manufacturer of
paperboard and plastic packaging, announces the acquisition of a factory site at
Lodz, 150kms from Warsaw, in Poland for #1.3 million in cash. Lodz, the second
largest city in Poland, is a major industrial centre for the chemical and food
processing industries, with many multinational companies based there. The
intention is to set up state-of-the-art plastic injection moulding facilities to
enable Robinson to service its Central European customer base more effectively.
The site covers an area of 23,000 square metres in total, of which the factory
accounts for 12,000 square metres. The factory, which was built in the 1980s,
will be progressively redeveloped as business expands over the next 5 years.
Robinson anticipates first production from the plant by the first quarter of
2006. The Group will receive rental income from existing tenants occupying the
sections not initially required.
Commenting on the acquisition, Jon Marx, Chief Executive, said:
"The accession of many Central European states into the EU has accelerated the
growth in demand for our products in the region. We targeted Poland because of
its demographic, fiscal and wage structures, as well as its emerging enterprise
culture. There will be additional benefits in terms of our capacity to enhance
supply to Western European customers."
- ENDS -
About Robinson
Based in Chesterfield, and with additional manufacturing facilities in
Kirkby-in-Ashfield, Nottinghamshire, and in Toronto, Canada, Robinson currently
employs over 400 people. It was formerly a family business, with its origins
dating back some 165 years. Today the Company's main activities are in the
manufacture and sale of rigid paper packaging and injection moulded plastic
packaging. Robinson operates primarily within the food, drink, confectionery,
cosmetic and toiletry sectors, providing niche or custom manufacture to major
players in the fast moving consumer goods market, such as Nestle, Lever Faberge
and Whyte & Mackay. The Company also has a substantial property portfolio with
significant development potential.
For further information, please contact:
Jon Marx, Chief Executive, Robinson plc 01246 220 022
Guy Robinson, Finance Director, Robinson plc 01246 220 022
www.r1son.co.uk
Barry Saint, Arbuthnot Securities 020 7012 2000
Michael Padley/Sue Scott Bankside Consultants 020 7367 8888
This information is provided by RNS
The company news service from the London Stock Exchange
END
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