THE Rix Group has expanded its holdings at the port of Montrose and secured a ten-year lease on a large warehouse in the town.
The business, which is headquartered in Hull but has ‘significant historical interests’ in Montrose, acquired a 56,000 sq ft warehousing facility on Cobden Road from agricultural supplies company Wynnstay Group Plc.
At the same time, The Rix Group has leased a 107,000 sq ft warehousing facility on Barrack Road to Wynnstay Group subsidiary Glasson Fertilisers, to enable the business to expand its blending operation. As part of the deal, The Rix Group will supply stevedoring and ships agency services to Glasson Fertilisers via its Montrose-based subsidiary, Rix Cargo Solutions.
James Doyle, MD of The Rix Group, said, “The Cobden Road site is adjacent to our existing port operations, making it a strategic acquisition for The Rix Group. It expands our footprint on the quayside and is the latest in a long line of investments in Montrose stretching back more than 70 years. Glasson Fertilisers will continue to operate from Cobden Road while the site on Barrack Road is being fitted out to their requirements, after which they will take up occupancy of their new premises.”
Construction of the warehouse on Barrack Road was completed by The Rix Group around a decade ago and has since been used to store grain. It is currently being transformed into a modern manufacturing facility to support the continued growth of Glasson Fertilisers.
The acquisition of Cobden Road and the lease agreement for Barrack Road were led by Rix Group subsidiary Rix Properties.
Mike Fry, director of estates at Rix Properties, added, “This acquisition is another positive step in growing our presence at Montrose Port. Alongside the purchase of the property and land, we’re delighted to have secured long-term lease agreements with Glasson Fertilisers and to continue supporting their operations. We look forward to building on this relationship and investing further in high-quality commercial property that supports businesses for the long term.”
