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Paramount Foods job losses

Administrators have announced the company will be closed, after talks with a potential buyer fell through.

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202 jobs go at Deeside-based Paramount Foods

The administrators who took over stricken frozen pizza maker Paramount Foods last month have announced the company will be closed after talks with a potential buyer collapsed.

Today the Joint Administrators have announced to stakeholders and employees of the Companya phased wind down of operations.

Advanced discussions regarding a sale of the business as a going concern had been held with an interested party, who, for reasons outside of their control has had to withdraw their offer.

We would like to take the opportunity to thank the employees for their continued support throughout the Administration process and we will offer support where required to staff involved as the business winds down.

– Duff & Phelps

The company currently employs 78 people at a site in Salford, Greater Manchester, and 202 at Deeside, Flintshire.

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