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Thursday, 10 October 2013

Trigon Snacks is sold out of administration saving 110 jobs

Following our report about Trigon Snacks going into administration, the Liverpool company behind the well-known Planters and Big D peanut brands, has been sold out of administration to T Choitram Sons (London), part of the Natco Food, for an undisclosed sum saving 110 jobs.

In the first week of the administration the administrators, Duff and Phelps, made 64 of the 174-strong workforce redundant.  At the time they stated that the business was in urgent discussions with a buyer.  So it has come to fruition.  A sale following administration is a good way of getting money back for the creditors and is in keeping with the main purpose of administration which is rescue.

The majority of sales come not through its own brands, but by supplying of own-brand nuts to major supermarkets such as Sainsbury's, Waitrose and Morrisons.

Mr Whitehouse said: “This sale sees the continuation of a well-established and recognised brand and business. It is a great result for the business’ 110 strong workforce who I would like to thank for their support over the last few difficult weeks."

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