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6 Oct 2025 08:43
Robinson plc
6 October 2025
SURPLUS PROPERTY UPDATE
Robinson plc ("Robinson", the "Company" or the "Group"; stock code: RBN), the custom manufacturer of plastic and paperboard packaging, is pleased to provide an update on the status of the divestment of the Company's surplus properties.
In line with our Surplus Property Update on 7 August 2025, the Company is pleased to announce the sale of Cannon Mill, which is part of the Wheatbridge site and one of the three properties previously referred to as sold subject-to-contract. Cannon Mill has been sold to Middleton Structures Limited with exchange occurring on 3 October 2025 and completion expected on 30 January 2026, subject to cash being received.
The consideration payable at completion is £135,000 and Robinson will incur £20,000 in costs. The net cash proceeds of £115,000 will be used to reduce current bank debt. The property is currently vacant, and the book value was £71,615 as at 31 December 2024.
The intention of the Group remains, over time, to realise value from the disposal of surplus properties and use the proceeds to reduce indebtedness and develop our packaging business.
For further information, please contact:
Robinson plc | www.robinsonpackaging.com |
John Melia, CEO Mike Cusick, CFO | Tel: 01246 389280 |
Cavendish Capital Markets Limited | |
Ed Frisby / Seamus Fricker, Corporate Finance Tim Redfern, Corporate Broking | Tel: 020 7220 0500 |
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 Procter & Gamble, Reckitt Benckiser, SC Johnson and Unilever.
Headquartered in Chesterfield, UK, Robinson has plants in the UK, Poland and Denmark. Robinson was formerly a family business with its origins dating back to 1839, currently employing nearly 400 people. The Group has an ongoing disposal programme for its substantial property portfolio with development potential.
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