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.
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"No Mr Bond, I expect you to di-rect mail"
"I'm sure this will go down well with print supply chain vendors. What terms is it that ADM are after - 180 days is it?"
"Hello Set Off,
Unencumbered assets that weren't on the Reflections books, I believe.
Best regards,
Jo"
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