Paper business Sandusky folds
Machinery manufacturer for paper industry enters adminstration
Bolton-based machinery manufacturer for the paper industry, Sandusky
Walmsley, has entered into administration following a lack of orders.
Administrators from PricewaterhouseCoopers, Michael Horrocks and Russell
Cash, were looking or a sale of the business. However, the the company, which
employed 323 staff, has made 158 redundancies.
Horrocks said: ‘This is a sad day for Sandusky Walmsley Limited, as we have
had to make a number of staff redundant in order to continue trading. Our key
priority now is to work hard to secure the sale of the business as a going
concern. We are contacting customers, interested parties and suppliers to obtain
their support.’