Exel to sell Plastics operations in Germany
EXEL OYJ STOCK EXCHANGE RELEASEExel to sell Plastics operations in GermanyExel has signed an agreement to sell its Plastics operations focusing on extrusion technology which has operated under Exel GmbH in Rohrdorf, Germany. The operations are sold to a new established company, CPS GmbH where the present management of the Plastics business is a co-owner. CPS will continue business operations in Rohrdorf. The business transfer takes place from the beginning of May.The company’s net sales in 2006 were some EUR 2.9 million. 20 employees will be transferred to the new company as old