Bid still on table as Hall’s deadline passes
The clock is still ticking for the West Lothian meat processing plant Hall’s of Broxburn, after Vion confirmed that a potential buyer was still in the running.
Although Vion confirmed the closure of the plant a week ago (5 October) it announced on Wednesday (10 October) that it had extended the deadline until noon today for a potential buyer to arrange its finances.
Today a spokesman from Vion confirmed that two offers had been made prior to the deadline, but that one had been dropped.
The spokesman said: “At this stage, due to commercial confidentiality, we are unable to confirm their identity or the details of the bids.
“Our focus over the coming weekend will be on reviewing the offers we have received in more detail. Our intention is to complete this process as quickly as possible with a view to making a formal announcement at the beginning of next week.”
Earlier this week, Scottish newspaper the Daily Record reported that the bid from private equity firm Graf Capital to keep the plant open had been “well received” by Vion, and lawyers had been finalising the details when the Dutch meat company announced the closure of the plant.