LINPAC
Agreement to sell Allibert returnable transit packaging business to One Equity Partners / Process could take months to complete
It seems as though the slimming process at Linpac Group (Birmingham / UK; www.linpac.com) shows no signs of slowing any time soon. After starting the year by selling off five non-core business units (see Plasteurope.com of 11.01.2011), mulling the possible sale of its Australasia operations (Plasteurope.com of 06.05.2011) and most recently selling its Filmco division (Plasteurope.com of 05.09.2011), a company spokesman now confirmed to Plasteurope.com that the group had reached an agreement to sell its Linpac Allibert (Nanterre / France; www.linpac.com) returnable transit packaging (RTP) business to LA Holdings, a member of One Equity Partners (New York, New York / USA; www.oneequity.com).
 Linpac Allibert manufactures and designs plastic returnable transit packaging (Photo: Linpac) |
Details of the transaction, which still has to meet regulatory approval, were not disclosed, although Linpac did say the process could take several months to complete. In response to PIE’s question whether this latest sale signified a possible break-up of the group, the spokesman said this was not the case, adding that, “it remains business as usual at Linpac”.
Linpac Allibert generated about GBP 138m in revenues in 2010, equivalent to about 13% of total group sales.
Linpac Allibert generated about GBP 138m in revenues in 2010, equivalent to about 13% of total group sales.
12.09.2011 Plasteurope.com [220336-0]
Published on 12.09.2011
German version of this article...