One51 continues sell off with plastics division

Price tag for asset likely to be around €50 million, writes Samantha McCaughren.

12th February, 2012
One51 continues sell off with plastics division
Alan Walsh, One51

Investment group One51 is preparing to put its plastics division on the block as it continues to sell off its non-core assets.

The division makes a range of plastic products in Britain and Ireland, and sources suggested that the company would carry a price tag of around €50 million.

One51 recently sold its stake in financial services group IFG, and is in the process of selling Irish Pride, one of the country's leading bread manufacturers.

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