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.
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