Scottish politicians fear the wurst as Germans snap up Lanarkshire sausage casing maker Devro

By Daily Mail City & Finance Reporter

Published: 21:53 GMT, 29 November 2022 | Updated: 21:53 GMT, 29 November 2022

The proposed takeover of a Lanarkshire sausage casing maker by the Germans has ruffled feathers among Scottish politicians.

Devro last week agreed to be taken over by Saria, part of the Rethmann family empire, in a deal worth £667million.

But politicians are upset that a British firm is set to be foreign-owned.

Lanarkshire sausage casing maker Devro last week agreed to be taken over by Saria, part of the Rethmann family empire, in a deal worth £667m

Lanarkshire sausage casing maker Devro last week agreed to be taken over by Saria, part of the Rethmann family empire, in a deal worth £667m

Liz Smith, the Scottish Conservatives’ shadow cabinet secretary for finance and economy, said: ‘The crucial point is that Scottish jobs are being preserved. 

But it’s a shame that it takes foreign corporations to recognise the value of our home-grown industries.’

Scottish Liberal Democrat economy spokesman Willie Rennie said: ‘At a time of acute economic uncertainty for many, workers need to know that this deal will create a solid platform for growth.’

SNP MP Angus MacNeil said takeovers of Scottish firms would be ‘an increasing trend’ if the weakness in the British economy isn’t addressed.

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