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Administrators have been appointed at specialist paper manufacturer J R Crompton
Limited.
The business was originally established in 1852 and remains one of the
worlds leading producers of paper products for the tea-bag and coffee-filter
industry, with a turnover of approximately £70 million.
The company operates 3 specialist paper mills, with a Head Office in
Manchester.
Administrator Nick Dargan of Deloitte commented: “The business is continuing to
trade as normal with the full support of the employees, customers and
suppliers.
“It has been a very successful business for many years and, whilst
there are a number of balance sheet issues that need to be resolved,
can still be a major player in the world beverage industry in the
future.
“We have already received serious expressions of interest from a number
of parties and are confident that the business will survive and
prosper.”
Source:
RedAlert
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