Plastics Capital, the niche plastics products manufacturer, announced that it has successfully completed a sale and lease back agreement for the group’s property in Dunstable with JLW Properties Limited. The consideration receivable in cash on completion is £1.3 million. The group has entered into a 15 year lease on the facility at £120,000 per annum, where Plastics Capital's Palagan plastic film division will continue to operate. The deal will allow Plastics to reduce its net debt position and/or invest for growth.

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