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McCowans goes into administration
Thursday September 22nd 2011
More than 100 jobs at the Scottish sweet maker New McCowans Ltd are at risk after the firm fell into administration.
The company, which has been struggling in tough market conditions due to financial difficulties, appointed administrators Grant Thornton to take over the running of the business this month.
Grant Thornton is hoping to find a buyer for the firm, which is famous for its Highland Toffee and Wham bars.
A spokeswoman for administrators Grant Thornton revealed there had been interest in saving the firm that makes Scotland's most iconic sweets.
She also said that the firm hopes to safeguard 103 jobs at McCowans' production facilities at Broxburn in West Lothian and Stenhousemuir, near Falkirk.
The company was founded by Andrew McCowan. He introduced Highland Toffee in the late 1920s and the Wham bar in the early 1980s. It is also famous for Pan Drops and various boiled sweets.
Copyright © Press Association 2011
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