Receivership & administration

Arjowiggins staff at the paper manufacturer’s French plants continue to await a decision on the sale of the business, as the court delays its decision once again.

Administrators at the Arjowiggins UK operations are working with a preferred bidder for a large part of the business and hope to conclude a deal next month.

Antalis is “driving the process” of selling on major shareholder Sequana’s shares as the paper group files for bankruptcy and long-time supplier Arjowiggins goes into administration.

Sequana’s safeguarding procedure has been converted into bankruptcy as the Commercial Court of Nanterre has passed down its decision.

PPG Print Services has been placed into administration in an appointment that enabled it to side-step a court decision over a winding-up petition issued by one of its creditors.

Arjowiggins is handing over weekly payments to keep the lights on at its UK mills to offset a £1.2m debt to its energy provider, according to documents filed by the administrators that also highlight...

Employees at the French Arjowiggins sites in administration have agreed to accept an improved offer put forward by Lessebo.

The owners of PPG Print Services will appear in court this month to address a winding-up petition submitted due to a “contested debt”.

Three businesses are now in contention to buy the Creative Papers aspect of Arjowiggins’ UK operations, which is currently in administration.

Walkers Instore has gone into voluntary liquidation after its owners could not restore its profitability despite attempts to restructure and reposition the retail POS specialist print operation as a...