British Polythene Industries (BPI), which issued a profits warning earlier this year, has sold its flexibles business, comprising Britannia Packaging in Stoke-on-Trent and an undisclosed amount of shares in Normanton-based Parkside Flexible Packaging.
The 6.6m MBO by Inhoco 2107 was headed by former Parkside International managing director Geoffrey Stewart.
BPIs loss on the disposal was 2.4m, along with a 14m goodwill write-off.
Have your say in the Printweek Poll
Related stories
Latest comments
"Been there too!"
"Very True"
"Customers expect quality as a basic requirement so quality is no longer a selling point as its a given. Similarly so, accreditations are a nice to have and show customers that you are committed but as..."
Up next...

50 accredited partners offering GGS loans
Guaranteed Growth Scheme receives extra £500m as tariffs bite

Flatter and streamlined organisation
Stora Enso restructure to reflect renewable packaging importance

Took over in the role on 1 April
Paul Brough becomes Mail Users’ Association chair

Birmingham's Marco Pierre White restaurant