New buy­ers sought for pa­per fac­tory

Macclesfield Express - - BUSINESS -

AF­TER a Macclesfield pa­per fac­tory was shut along­side 13 other sites, the par­ent com­pany’s ad­min­is­tra­tors are now look­ing for po­ten­tial buy­ers.

Paper­linX, an in­ter­na­tional pa­per com­pany, an­nounced large parts of its UK busi­ness were go­ing into ad­min­is­tra­tion on April 1.

As a re­sult, the Macclesfield site on Char­ter Way was shut re­sult­ing in the loss of 41 jobs.

Across the UK, up to 693 jobs might be lost.

Deloitte, the ap­pointed ad­min­is­tra­tor, said it was look­ing for buy­ers for parts or all of the busi­ness.

It con­firmed there were dis­cus­sions with par­ties in­ter­ested in parts of the busi­ness but said th­ese did not in­clude the Macclesfield site.

As part of the ad­min­is­tra­tion process, it sched­uled an on­line auc­tion of all in­ven­tory from the Macclesfield site on May 11 to 13.

A to­tal of 62 items is listed on the web­site of Hilco Industrial, an on­line auc­tion­ing ser­vice, but the auc­tion might be called off, if Deloitte finds a buyer in time.

Matt Smith, joint ad­min­is­tra­tor, said: “The in­dus­try has faced an in­creas­ingly chal­leng­ing en­vi­ron­ment due to fall­ing de­mand as dig­i­tal com­mu­ni­ca­tions have in­creased. We are in­ves­ti­gat­ing how best to max­imise value in the busi­nesses for the ben­e­fit of its cred­i­tors.”

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