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Scottish politicians fear the worst if the Germans arrest Lanarkshire sausage maker Devro
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The proposed German takeover of a sausage casing factory in Lanarkshire by the Germans has baffled Scottish politicians.
Devro last week agreed to be acquired by Saria, part of the Rethmann family empire, in a deal worth £667 million.
But politicians are angry that a British company will end up in foreign hands.
Lanarkshire sausage casing maker Devro agreed last week to be taken over by Saria, part of the Rethmann family empire, in a deal worth £667 million
Liz Smith, shadow cabinet secretary of the Scottish Conservatives for finance and economics, said: ‘The crucial point is that Scottish jobs are preserved.
But it is a pity that foreign companies are needed to recognize the value of our domestic industries.”
Willie Rennie, spokesman for the Scottish Liberal Democrat economy, 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 companies would be ‘an upward trend’ if weakness in the UK economy is not addressed.