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