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Headlam to sell Swiss operation to mbo team  

BelcolorHeadlam is to sell its sell its market-leading Swiss operation to its management.

The group will raise £12m from the disposal, which is expected to be completed next month.

Belcolor had sales for £31.1m and pre-tax profits of £1.1m in 2020 and is Headlam’s smallest continental European operation.

It has six showrooms across Switzerland.