The wind of crisis

Arjowiggins’ UK subsidiairies under administration

0
326

UK subsidiaries of the Arjowiggins Group were put under administration on 22 September 2022. The move came after exacerbating trading conditions since the management buy-out in 2019, worsened by the recent energy and cost crisis.  The decision includes two mills in the UK: Stoneywood in Aberdeen and Chartham in Kent.

The group has been encountering difficult trading conditions after the management buy-out in 2019 following the insolvency of French parent companies, Arjowiggins and Sequana. The group has been loss-making, with losses being exacerbated in recent times by significant increases in energy costs and the price of raw materials, especially pulp.

The following companies within the Arjowiggins Group have been put under administration: AW Creative Papers Group Limited, Arjowiggins Group Limited, AW Branding Limited, AW Estates Holdings Limited, AW Estates Scotland Limited, AW Estates England Limited, Arjowiggins Papers Limited, Arjowiggins Translucent Papers Limited, Arjowiggins Chartham Mill Limited, Arjowiggins Scotland Limited.