This group produces specialist foams and plastics at 59 sites in 20 countries for a variety of applications such as mattresses, packaging and medical devices. Since delisting from the stock market in 2005 with a value of £668m, Vita has been owned by the private equity firm TPG. The company agreed an £85m cash injection in 2009 and a debt-for-equity swap. Since then, chief executive Joe Menendez, 62, has focused on streamlining operations, and in the past 12 months Vita has sold five of its subsidiaries in mainland Europe and America.
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