Operations at paper business Sandusky Walmsley are to be closed by its
administrators, after they failed to find a buyer for the business.
PricewaterhouseCoopers partners Michael Horrocks and Russell Cash announced
that 142 redundancies had been made, while the remaining 25 staff will be made
redundant upon completion of work in progress.
‘It is a sad day when the closure of any business is announced, especially
when it involves the loss of so many jobs,’ said Horrocks.
‘Unfortunately, despite a period in which the business has been actively
marketed, we have not received a satisfactory offer to enable the business to be
sold as a going concern. We will now be looking to achieve a sale of the
Harsh economic conditions for the paper industry led to the company’s move
into administration back in August.
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