Manufacturer sells divisions to global plastics group
Manufacturer Coral Products has sold its plastic mouldings and food packaging divisions to One Plastics Group for £7.9m.
The deal will see Coral Products' chief executive Michael Wood move across, and he will leave the board on completion of the sale, which is expected in February.
Rotherham-headquartered One Plastics is the UK division of IPL Plastics Group, a global plastics business with annual revenues of more than £500m.
It has bought two businesses, Coral Products (Mouldings) and Interpack, that have a combined turnov... 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...
