Business Growth Fund (London / UK; www.businessgrowthfund.co.uk) has sold its portfolio company Plastique Group (Tunbridge Wells / UK; www.plastique.eu) to industry conglomerate Esco (St. Louis, Missouri / USA; www.escotechnologies.com). The two companies have agreed to keep the details of the transaction under wraps.

Esco plans to assign the two Plastique plants in Nottingham / UK and Poznan / Poland to its Thermoform Engineered Quality (TEQ, Huntley, Illinois / USA; www.teqnow.com) subsidiary – giving TEQ access to the European market as well as new capacities in thermoformed consumer goods for the medical and pharmaceutical markets – the fields in which Plastique specialises. Plastique, which also produces thermoformed food packaging made of PET as well as pulp, posted sales of about USD 35m in 2015.