UK food processor faces uncertain future

- Last updated on GMT

Related tags: Scotland, United kingdom

The UK government hopes a buyer will be found soon for frozen foods
processor Albert Fisher, which has called in the receivers after
failing to reach an agreement with its lenders.

The UK government hopes a buyer will be found soon for frozen foods processor Albert Fisher, which has called in the receivers after failing to reach an agreement with its lenders.

Scottish National Party leader Alex Salmond told the House of Commons that the shutdown of the Albert Fisher Group threatened some 3,000 jobs in the food processing and food supplies industries. The company is still actively seeking an alternative to receivership, despite KPMG being appointed at the administrative receivers.

Commons Leader Robin Cook said the government hoped an alternative operator would emerge over the next six weeks.

Cook told the UK parliament: "As I understand it, the operations are being run as a going commercial concern by the receiver for the next six weeks. I hope that will provide an interval in which an alternative buyer, an alternative operator, can be found."

Salmond is particularly concerned about two plants in Banff and Buchan, Scotland, that employ more than 700 people and together create the largest private sector employer in the area.

Related topics: Processing & Packaging

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