Macfarlane: Plans to sell plastics film division

Macfarlane Group, USA, is planning to sell its plastics film division to Tyco Plastics of the USA for US$ 70 million. The sale follows Macfarlane’s abortive attempt to buy British Polythene Industries last year. Failing to add BPI meant that Macfarlane could not achieve the market position it saw as necessary in the films business, so it has decided to quit the business altogether and focus on its Packaging Division, to which it has added National Packaging Group and A1 Packaging during this year.

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