Packaging firm Sonoco UK has bought Robinson Paperboard and Packaging from the Robinson Group for a reported £2.6m.
The deal will see Sonoco take over the operations at the company’s paperboard can plant in Chesterfield with employees retained under the new administration. Robinson manufactures rigid paperboard tubes and boxes for the food, drink, toiletries and presentation markets, using high levels of recycled materials.
Sonoco believes the acquisition will add $10m (£6.2m) in annual sales, including customer contracts and other business assets of the company.
Sonoco Rigid Paper and Closures, Europe general manager Sean Cairns said: “The purchase is a good strategic fit with Sonoco’s growing global rigid paper container operations. We believe Robinson’s proven expertise in innovative paper bottom technology and unique, patented processes provide a strong platform for our continued development and growth in the UK and Europe.”
“This agreement is a win for Robinson, Sonoco and our packaging customers, who are increasingly recognizing the proven advantages that rigid paper containers bring in terms of reducing costs and minimizing the impact on the environment – without compromising quality. Packaging made from rigid paper reduces package weight, makes more efficient use of raw materials and conserves energy.”