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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