ACQUISITIONS CONCLUDED ON BEHALF OF MANUFACTURER

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LexiconCole have advised CBL on the acquisition of premises to facilitate the expansion of their manufacturing premises in Sunderland. In 2013 Contract Bottling Ltd of Riverside Road identified a need for additional warehousing facilities in the locality and sought advice to conclude the purchase of a 42,000 sq ft property at Sunderland Enterprise Park.
Contract Bottling which has doubled its workforce in the last two years makes, fills and bottles a wide range of flavoured and natural spring waters, as well as soft drinks, for its customers, which include national supermarket chains and cash and carry operators.
The warehouse acquisition was followed by the recent occupation of premises adjacent to the firms base in Riverside Road which will allow an increased manufacturing capability.
David Nicholson commented on the transactions saying ‘we were involved throughout the process in both cases using our market knowledge to negotiate terms which were much improved on those initially quoted to CBL’
Keith Ward, Financial Director of now CBL Drinks Ltd commented ‘over the last 2 years we have been very busy with the development and expansion of the business and we needed help with the property acquisition to keep pace with us. David of LexiconCole was the person we chose and we have not been disappointed with his professionalism, knowledge and negotiated outcomes’