Grangemouth waste firm rubbishes claim it has gone into administration
ORAN rubbished claims it was going into administration stating it was "business as usual" for the waste management firm.
However, the Grangemouth-based company did confirm this week its business and assets had been sold and acquired by a group of private equity investors on September 16.
Still counting Falkirk Council and West Lothian Council among its clients, the business is now trading as Oran Environmental Solutions.
Management would not reveal the financial details of the transaction, but did state the existing workforce and clients would remain in place under the new regime.
An Oran spokesman said: "The company's 250 employees will not be affected and it is business as usual for customers.
''The company is operating profitably and will continue to trade as Oran Environmental Solutions under the new structure.
"The current management team will remain in place and look forward to continuing its role in building a successful business and securing important local employment in the Falkirk region."
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Thursday 24 May 2012
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