One of Fife’s oldest firms has announced it will be moving lock, stock and barrel to Kirkcaldy in 2015 after a deal brokered with Fife Council.
Havelock Europa has signed a minimum 10-year lease on unit three at John Smith Business Park, and anticipates it will make the move in May.
As part of the deal, the firm has confirmed the sale of its Dalgety Bay warehouse and offices to the Council for £750,000.
Chief Executive Eric Prescott gave assurances the move would incur no redundancies among the 500-strong workforce.
He said: “ Fife Council has been absolutely brilliant with us in making this transition work. Our Dalgety Bay operations are in a life expired building and the maintenance of it was becoming a major issue. Rather than spend money on a tired building we’ve worked to secure a brand new one.”
The move will see the firm’s design and head office staff working just three miles from factory colleagues at Mitchelston Industrial Estate.
Havelock Europa, which manufactures interiors for major shops, healthcare and schools, including the recently completed Burntisland Primary, consolidated its manufacturing operations in Kirkcaldy in 2009.
It has held premises in Kirkcaldy for over 100 years and celebrated its 50th anniversary as a PLC in 2014.
Proceeds from the sale of the site at Dalgety Bay will cover the costs of fitting out and moving to the new head office in Kirkcaldy.
The firm loses its warehouse capabilities at Dalgety Bay but has rationalised its stock holding policy to include fewer and newer lines, therefore anticipates it can increase operational efficiencies and be better able to deliver sustainable profitablity.
Mr Prescott said: “The company has been through difficult times but we see this as a positive move. It’s the right thing to do in the next stage of our growth. We’re really excited about this.”