Linpac to be split by its lenders

British packaging firm Linpac could be split up and sold by its lenders. Linpac, which makes plastic food packaging for retailers and food manufacturers, was taken over by its lenders in a debt for equity deal last year after it ran into trouble as a result of rising commodity costs, volatile raw material prices and the decline in sterling. The lenders, including Deutsche Bank and Lloyds Banking Group, have hired Bank of America Merrill Lynch as advisers to discuss strategic options for the firm.