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Hornby, the model maker, is to relocate 150 staff from Margate to a 16,000 sq ft office at Discovery Park in Sandwich in May.

Hornby is to transfer its model toys warehouse and 25 staff from Margate to a DS Logistics site at Hersden.

Hornby is to acquire Corgi Classics, the Leicester-based toys and models manufacturer, for £7.5m.

Hornby is to acquire Humbrol, the Hull-based manufacturer of Airfix model kits, out of administration for £2.6m, and production could transfer to China.

Hornby has acquired Heico Modell, the German distributor of model railway accessories, for a nominal sum.

Hornby is to acquire Electrotren, the Spanish toy company, for £5.3m, and is also in negotiations to acquire Lima of Italy out of administration.