The management team which last week completed a buyout of Arjowiggins’ UK operations, has now completed a takeover of the rest of the company’s activities, safeguarding almost 300 jobs in Europe and China.
This latest deal protects the Guarro Casas mill in Spain and the Quzhou mill in China, as well as offices in Paris and Milan. Combined with those saved last week in Aberdeen and Kent the total number of jobs secured is now around 750.
The new company, Arjowiggins Group Ltd, will be based in Scotland and managed by an experienced leadership team under the direction of current managing director Jonathan Mitchell.
‘This is great news, not just for everyone at Arjowiggins but for the industry as a whole,’ Mr Mitchell said. ‘The completion of the second phase of the MBO draws to a close an unsettling period for the business and we’re delighted to now be able to start a new chapter in the brand’s history. I’d like to extend my sincere thanks once again to our staff, customers, suppliers and the Scottish Government. Without their ongoing support this deal would simply not have been possible.’
