POINTERS
BPI finalises Wavin film business takeover
British Polythene Industries PLC (BPI, 96 Port Glasgow Road, GB-Greenock PA15 2RP) has concluded its negotiations for the purchase of the Wavin film businesses in Belgium and the Netherlands (see Plasteurope.com 5) for a total cash consideration of NLG 26.2m (GBP 8.4m) plus borrowings of NLG 12m (GBP 3.9m). The businesses, which had a combined 1996 turnover of NLG 141m and an operating profit of NLG 1.08m, are to be renamed Flexipac and Indupac.
15.05.1997 Plasteurope.com [19382]
Published on 15.05.1997