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IG Design Group Completes Sale of Distribution Facility for $8.4 Million

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IG Design ( (GB:IGR) ) just unveiled an announcement.

IG Design Group PLC announced the completion of the sale of its former distribution facility in Bloomsburg, Pennsylvania, by its subsidiary Berwick Offray LLC, to Union PA Holdings LLC Limited for $8.4 million. The transaction results in a profit of $4.9 million for the company, which may positively impact its financial position and strategic operations.

More about IG Design

IG Design Group PLC operates in the consumer goods industry, specializing in design-led products such as gift packaging, greeting cards, and stationery. The company focuses on providing innovative and creative solutions to a global market.

YTD Price Performance: -61.97%

Average Trading Volume: 502,258

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £56.98M

See more insights into IGR stock on TipRanks’ Stock Analysis page.

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