Administrators for Plastic Sorting Limited have said that they have received 40 expressions of interest in buying the company.
As a result, administrators Begbies Traynor are confident of finding a buyer for the Welsh recycling business.
Of the 40 expressions of interest, 32 parties have received a sales pack and around a dozen viewings of the facility have been conducted. The deadline for offers is 5pm on Friday 17 February.
Begbies Traynor partner Dave Hill said: “We are very hopeful that we will receive offers, have something on the table worth considering, and subsequently achieve a sale.
“We will sit down next week, see what has been forthcoming, and start negotiating. But at this stage we cannot speculate on who the buyer might be or how long a deal may take to complete.”
Why not attend the Achieving High Quality and High Value Recycling conference and networking event on 21 March at Warwick Racecourse? Find out more here