Reusable Packaging: Linpac Sells Non-Core Units to Focus on RTP

Linpac has sold off a raft of non-core specialty businesses to cut its debt and concentrate on its packaging operations.

The UK-based company announced it had off-loaded the five units for an undisclosed sum to funds managed by Chamonix Private Equity. The deal was completed on 31 December 2010.

The specialty business units were Linpac Storage Systems, Linpac Environmental, Linpac Recycling Intellident and Linpac Metal Decorating. All were UK based, although Intellident also has a small presence in France and the Netherlands. In 2010 the businesses had combined sales of over £70m, and employed approximately 450 people.

The transaction would also free up the firm to concentrate investment on its core packaging activities in future. The company expects that over 90 per cent of future sales would come from manufacture, marketing and support of plastic packaging products and returnable transit containers (RTP).

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