Mpac: can this phoenix continue to rise
This business has been transformed over recent years, but can the phoenix continue to rise from the ashes and what of the elephant in the room?
Mpac Group (LON:MPAC), the formerly named Molins, has been transformed over recent years from a manufacturer of instrumentation and tobacco machinery into a specialist packaging and automation solutions provider. The valuation looks modest on many levels, but there is good reason for this as we cover here.
A little history
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This business has been transformed over recent years, but can the phoenix continue to rise from…