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Stanelco has sold certain fixed assets and stock of its Adept Polymers subsidiary to MonoSol AF for £0.5m.

Stanelco is to build a £3m biodegradable polymers production and research centre in Wales with the creation of 60 jobs, having received assistance from Blaenau Gwent Council.

Stanelco is to acquire Biotec Group, the German developer of environmentally-responsible packaging systems, for £14m.

Stanelco is to acquire Aquasol, the developer of water-soluble packaging products, for up to £3.1m.

Stanelco is to raise £1.5m in a rights issue to fund the development of radio frequency technology for use in sealing capsules of domestic products.

Stanelco has acquired Adept Polymers, the manufacturer of biodegradable plastics, for £0.3m.