Acquisition Funding Update

RNS Number : 5992Q

Robinson PLC

01 March 2021

 

Robinson plc

("Robinson", the "Company" or the "Group")

1 March 2021

Acquisition Funding Update

Further to the announcement made by Robinson on 11 February 2021, the Company is pleased to announce that the Group has now agreed new facilities of in total £12m with HSBC UK Bank. In respect of the newly acquired Danish subsidiary, Schela Plast A/S's borrowings remain with Danish lenders.

For further information, please contact:

Robinson plc	www.robinsonpackaging.com
Helene Roberts, CEO Mike Cusick, Finance Director	Tel: [phone]
finnCap Limited
Ed Frisby / Giles Rolls, Corporate Finance Tim Redfern / Barney Hayward, ECM	Tel: [phone]

About Robinson:

Being a purpose-led business, Robinson specialises in custom packaging with technical and value-added solutions for food and consumer product hygiene, safety, protection, and convenience; going above and beyond to create a sustainable future for our people and our planet. Its main activity is in injection and blow moulded plastic packaging and rigid paperboard luxury packaging, operating within the food and beverage, homecare, personal care and beauty, and luxury gift sectors. Robinson provides products and services to major players in the fast-moving consumer goods market including McBride, Procter & Gamble, Reckitt Benckiser, SC Johnson and Unilever.

Headquartered in Chesterfield, UK, Robinson has 3 plants in the UK, 2 in Poland and recently acquired a plant in Denmark, Schela Plast. Schela Plast specialises in the design and manufacture of plastic blow moulded containers, serving a number of the major FMCG brands in Denmark and neighbouring countries.

Robinson was formerly a family business with its origins dating back 180 years, currently employing nearly 400 people. The Group also has a substantial property portfolio with development potential.

 

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