Linpac sells five businesses

PLASTIC packing manufacturer Linpac Group has sold Castleford-based Linpac Recycling and four other unrelated business units to Chamonix Private Equity. 2

The businesses concerned are Linpac Storage Systems, Linpac Environmental, Linpac Recycling, Intellident and Linpac Metal Decorating.

John Darlington, executive chairman of Linpac Group, said: "We have sold five non-core business units, and are using the funds to pay-down debt."

Ernst & Young were lead advisor to Linpac.

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