Blair Nimmo and Alistair McAlinden from Interpath Advisory were appointed joint administrators to ten Arjowiggins Group UK subsidiaries, today, 22nd September 2022.
With origins dating back to 1738, the Group is an independent paper manufacturer producing fine and custom papers for purposes including packaging and labelling and security printing and operating two mills – one in Aberdeen, the other in Kent.
In 2019, the Group’s UK operations were established via an MBO following the insolvency of French parent companies Arjowiggins and Sequana. However, the business faced a difficult trading environment and has been loss-making. Significant increases in energy costs and that of raw materials exacerbated the problems.
The administrators said they would be exploring all options to achieve the sale of the sites and assets and confirmed that all employees had been made redundant.
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