Unterland Flexible Packaging: Purchase of stakes in UK distributor

Austrian film producer Unterland Flexible Packaging has bought a 75,1 per cent stake in its UK distributor for agricultural stretch film, Norvic Associates of Norwich. Norvic managing director John Debbage will continue to work with the company and retains a 24,9 per cent shareholding. Unterland’s 2003 turnover was EUR 90 million with 400 employees. It has itself recently been bought by CMP, a Berlin-based private equity firm.

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