Jarvis Porter is selling its swing tickets and tags business to a management team led by Trevor Jackson, the manager of the groups Creative Packaging division.
The new company, Spreckley, is paying 600,000 and will take over Jarvis Porters leasehold premises in Nottingham.
The deal will see 27 employees transferring to the new business.
The group announced the closure of the Creative Packaging division in May (PrintWeek, 11 May), but at the time chairman Michael Maher said it would look to sell the Hinckley plants discrete activities, such as swing tickets.
Jarvis Porter previously advised that the balance of the lease on the Nottingham site had been provided for in last years accounts.
Have your say in the Printweek Poll
Related stories
Latest comments
"It's wrong to assume the Chinese are behind the curve on automation - it used to be the case that manual processes were kept becuase it was cheaper to use them than buy the automated equipment,..."
"Incredible, what a business!"
"Sad news. Their prices were unsustainable - it was a race to the bottom."
Up next...
Marketing services company
Abbey Marketing Communications in liquidation
Filmed themselves starting fire
Two guilty after blaze at former Communisis site
'Business streamlining'
MCC responds over Cwmbran closure plans
Record-breaking growth