One of Wales’ leading food supply companies has gone into administration with the loss of nearly 230 jobs.
Abertillery-based Tillery Valley Foods has blamed the move on inflationary pressures with spiralling food and energy costs impacting cashflows. It said despite increasing its prices the business was no longer able to trade solvently. A potential sale of the business was explored, but didn’t materialise.
The Welsh Government said it did try to support a management buyout of the business, which it said wasn't supported by the ultimate owners in private equity backed Joubere Food Group.
