UK - Mid-Ocean exits Europackaging in pre-pack
Mid-Ocean Partners' Europackaging has been bought back by former owners the Majid family in a pre-pack administration agreement for an undisclosed sum.
The deal, which will save more than 800 jobs worldwide, comes almost three years after the Majid family sold the company to the private equity firm for a reported £100m.
Birmingham-based Europackaging supplies packaging products to major retail, wholesale, food service and janitorial sectors. The company has sales of more than £200m.
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