Coventry automation group completes division sale to Italian firm

Coventry-headquartered packaging and automation group Mpac has completed the sale of its Mpac Lambert Limited division to Italian firm Mech.i.Tronic S.p.A, delivering a significant reduction in net debt for the group.

The transaction, first announced last month, aligns Mpac towards what chief executive Adam Holland described as scalable, full-line packaging machinery solutions.<... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...