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Packaging firm Linpac sells 5 non-core units

from European Plastics News

Linpac, a U.K.-based plastic packaging manufacturer, has sold five non-core business units to funds managed by Chamonix Private Equity. In a statement, chairman John Darlington said that Linpac sold the units to pay down debt, adding: "Even operations that are non-core require management attention, however, and the disposals have therefore released senior management time for use elsewhere in the business. It also means that we will be able to concentrate investment on our core activities in future." more

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