More than 80 jobs have been lost after a Bolton-based medicine manufacturer collapsed into administration. M&A Pharmachem specialised in manufacturing and selling paracetamol and opiate medicines.
The company was marketed for sale as the directors sought urgent investment to enable it to continue operating as a going concern. READ MORE: Residents find NAILS hidden in grassy area used by children - with sick warning attached to them However, given financial challenges facing the business and without the completion of the sale, specialist business advisory firm FRP was appointed as administrator and operations have ceased.
A total of 84 employees have been made redundant, BusinessLive reports. FRP partners Anthony Collier and David Acland are leading the administration process.
The joint administrators are now looking for buyers of the business’ assets, including the company's stock, property and intellectual property.
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