A Black Country engineering group has completed a sale and leaseback deal on its premises. Listed Chamberlin has exchanged contracts on the freehold property in Chuckery Road, Walsall, with Heritage and Hill Investments.
The historic business, whose roots date back to the 1890s, specialises in producing castings and lighting products for use in fields such as automotive, construction, power generation and control gear.
The company announced in February that it was in discussions regarding a proposed sale and leaseback transaction at its Walsall property with a portion of proceeds being used to reduce its pension fund deficit.
