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Weetabix folding carton subsidiary to close factory in the UK

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Weetabix folding carton subsidiary to close factory in the UK

October 27, 2014 - 22:42

BRUSSELS, Oct. 28, 2014 (RISI) -UK's folding carton manufacturer Vibixa, a subsidiary of Weetabix, plans to close its factory in Cheltenham by early next year.

Some 105 jobs will be affected, the company said in a statement. "The proposal will require a managed run down of production that will complete early next year," the firm said.

The proposed closure follows an unsuccessful search for a buyer, a spokesperson from the company toldRISI.

Vibixa produces approximately 6.7 million cartons per week from 400 tonnes of recycled cartonboard and specializes in cereal and retail-ready packaging products.