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GEI, the packaging machinery company, has undergone a management buy-out for undisclosed terms, securing 600 jobs.
GEI International, the processing machinery supplier, is planning to sell its pharmaceuticals division to Metallgesellschaft of Germany for £22m, and the proceeds will be used to reduce debt.
GEI International has sold its Sanderson Kayser steel finishing operation to Timken of the US for £5m.
GEI International has bought Turbo Systems, the maker of process machinery for the food industry, from United Industries for £2m.