Packaging firm swoops for Danish counterpart in £7.7m deal
Chesterfield packaging firm Robinson has acquired Schela Plast, a Danish designer and manufacturer of blow-moulded containers for £7.7m.
Schela Plast was founded in 1971 by the Toft family and employs approximately 40 staff.
For the year ended 31 December 2020, Schela Plast posted revenues of £9.1m and a profit of £900,000.
Alan Raleigh, chairman of Robinson, said: “The acquisition supports our sustainable growth strategy. Schela Plast is a strong complementary fit to our existing products and services, customers and manufacturing locations. Their location and capabilities, together with our planned investment in additional equipment, generates areas for growth with key customers in the market sectors we and Schela Plast serve. We are delighted to welcome Morten Jeppesen and his team to the Robinson Group.”
“Robinson remains committed to ongoing delivery of mid to high single digit organic sales growth and a 6-8% return on sales, supplemented by where appropriate further selective acquisitions of complementary businesses in Europe.”