A "preferred party" has emerged from talks with firms interested in buying Donside Paper Company (PrintWeek, 19 January).
The firm, which has not been named by administrative receiver PricewaterhouseCoopers (PWC), is understood to have carried out due diligence on the Aberdeen firm over the past few weeks.
"We are hoping that matters will be concluded by the end of the month, which is when the company is looking to have the finance in place," said a PWC spokesman.
Donside appointed PWC last December after a turbulent period during which Premier Paper took legal action. Chief executive Bill Gore also stepped down after putting together a re-financing package to save the mill.
Have your say in the Printweek Poll
Related stories
Latest comments
"Hello Mark,
Fantastic! Thanks for sharing.
Best regards,
Jo"
"Nigel Garage, sorry Farage, will be livid. This blatant wokeism is removing every opportunity to propound racial stereotypes. Bring back the Dambuster’s dog, Love Thy Neighbour and It Ain’t Half Hot..."
"It’s sad but their prices we’re ridiculously cheap hence the inevitable"
Up next...
No comment from owners as yet
Admin process underway at Reflections Print Finishers
Entered liquidation in January
Abbey Marketing Communications shortfall revealed
Supported by local government grant
Signs and Labels Hereford eyes growth with Canon Colorado install
Names fit for global creative community