Talks over selling the papermaking group Arjo Wiggins Fine Papers continued as it emerged that the company owed more than £36 million when it went into administration in January, with more than 650 jobs at risk.
The administrators are aiming to sell the group’s mills as a going concern and have received 13 expressions of interest for various parts of the business. The Stoneywood site in Aberdeen has been operating since the 18th century and employs over 480 people. There are about 180 staff at sites in England.
The group’s owner Sequana, a French packaging and paper manufacturer, put several of its British subsidiaries into administration in January.