API Foils saved from administration by Aldus purchase
Global packaging business Aldus has agreed to buy API Foils in Livingston, which went into administration earlier this month.
The packaging factory, which makes foils and laminates, closed its doors on the 31st of January, causing 107 job losses at the Livingstone factory site.
A total of 155 jobs have been lost across the company’s four locations, which also include Manchester, Cheshire and Yorkshire.
Colin Peter Dempster and Robert Hunter Kelly of EY were appointed as joint administrators.
Responding to the news, Jamie Hepburn minister for business, fair work and skills, said: “It’s welcome news that major global packaging business, Aldus, has now been agreed as the purchaser of the API Foils business in Livingston and I look forward visiting the site tomorrow.
“This result follows an intensive period of work to secure a viable option for the ongoing business. The Scottish Government worked alongside EY and Unite the Union throughout this period and I am delighted we have a positive outcome for the Livingston facility and its staff. Scottish Enterprise will remain in contact with the local management team as it looks forward to a brighter future.”