UK's Mpac Group restructures US operations as tariffs hit revenue
01/07/2025 07:22
July 1 (Reuters) - Britain's Mpac Group MPAC.L said on Tuesday it had restructured its U.S. operations, after a slowdown in orders due to tariffs resulted in a significant hit to its annual revenues. The packaging and automation solutions company now expects full-year revenues to fall significantly below previous expectations. (Reporting by Yamini Kalia in Bengaluru; Editing by Rashmi Aich) ((Yamini.Kalia@thomsonreuters.com;))