The interests being sold include McKecknie Metals in Australia and New Zealand, the plastics-forming business, Plexicor, the compressed air products company, Jamec-Pem, and the Regency shower screen and wardrobe business.
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MCKECKNIE, the engineering and plastics group, has sold its Australian and New Zealand arm in a management buyout for pounds 65m cash. The businesses being sold earned pounds 12.2m in the year to July 1997.