VION, the meat processing firm, is set to conclude a deal to sell its pork operations to management.
However, the deal under discussion does not have any bearing on its plans for its giant plant at Broxburn, West Lothian, which is scheduled to close in February with the loss of 1700 jobs.
Two weeks after revealing plans to sell its UK food businesses, Vion is reported to be in advanced talks to sell the pork processing unit to a management team backed by the Endless private equity operation.
With a portfolio that includes the Bathstore retail business, Endless says it provides investment and hands-on operational expertise to businesses facing challenges or finding themselves in special situations.
Asked to comment on the report, the spokesman said: "Discussions are continuing and we hope to be announcing progress in the near future." He did not elaborate. Talks about the sale of Vion UK's red meat and poultry arms, which employ around 2000 people in Scotland, are understood to be less advanced.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article