IWP sale of Skiffy raises €28m

IWP is now focussed almost totally on the personal health care sector following the sale of Skiffy for €28 million in cash which will push company debts down to €70 million.

IWP sale of Skiffy raises €28m
Tue, 10 Feb, 2004 - 00:00
Conor Keane, Business Correspondent

The sale of IWP’s Dutch plastics business to international distribution and outsourcing group Bunzl plc is subject to shareholder approval, it includes IWP’s Johan Putzfeld operations.

The operations being sold had historical profits of €3.5 million, on sales of €12 million.

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