Wed, 02 Mar 2011 | MBO/MBI
Novelis UK has sold its printed confectionery foil packaging business to Discovery Foils Ltd, after plans were discussed to shut the business down.
The Bridgnorth-based business, until recently owned by Novelis UK, produces multi-coloured printed foil for confectionery packaging for numerous international companies.
The employees and assets have been transferred to Discovery Foils Ltd with immediate effect.
Steve Westwood, managing director of Discovery Foils Ltd and former plant manager at Novelis UK, said: “We are delighted that a viable, sustainable solution for the confectionery business at Bridgnorth has been found, and that over 100 jobs have been safeguarded as a result.”
“Much of the groundwork for this solution was carried out during the consultation process following Novelis’ proposals to cease all operations at Bridgnorth.”
Keeping 105 employees will mean that essential skills are retained, along with the levels of quality and customer service already established.
Westwood commented: “The highly skilled and customer focused team will continue to service our customers to the same excellent level that they are accustomed to.”
Novelis UK is owned by Novelis Inc, which is focused on aluminium rolled products and beverage can recycling. It has operations in 11 countries and a workforce of 11,600.
Discovery Foils Limited was set up on 20 January 2011 and is based in Derbyshire.
A group of hotels has fallen into administration. Administrators are seeking buyers for two of the hotels (which are continuing to trade), while a third (freehold) has now ceased trading. Offers are invited as soon as possible.
An established, award-winning care home with nursing, that is located in a popular East Midlands town and has come to market for the first time so that our client can retire.
For sale a lucrative portfolio of residential care homes conveniently clustered in the Northwest of England, offering residential and dementia care.
03
|
May
|
Three Aberdeen legal firms merge to form all-service provider | MERGER
Three prominent Aberdeen legal businesses have merged to for...
03
|
May
|
BGF-backed asbestos services firm makes third acquisition | BUSINESS SALE
Environmental Essentials, a specialist asbestos services fir...
03
|
May
|
Logistics firm acquires pair of Derbyshire businesses | BUSINESS SALE
A logistics firm headquartered in Preston has acquired a pai...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.