Almost 80 workers at an historic Sheffield foundry have lost their jobs after administrators failed to find a buyer willing to take on the business.
A total of 78 jobs have gone as a result of the collapse of Castmaster Roll, formerly Davy Roll, based at the Eagle Foundry on Stevenson Way, Attercliffe.
Administrators KPMG said attempts to sell the business as a going concern had failed.
The firm produced iron and steel quality rolls, discs and sleeves for the manufacturing and food processing industry.
Works manager John Fletcher said just three workers were left on site, with those members of staff due to leave this week.
He said: “Sheffield has lost a unique business renowned for quality products throughout the world. Having been through lean times over the last several years a new dawn had begun to emerge when a new CEO was introduced to the company. Over the last 12 months orders from established and new contacts were exceptionally strong and the future prospects were good for the growth of the business.
“We are sure there will be further disclosures in the future on the subject but this will be of little consolation to the people who have lost their livelihoods and for the 12 apprentices who have lost their aspirations to be engineers within the business.
“We the workforce would like to thank Clive Betts for his help.”
After the company went into administration on October 24 last year, casting operations were stopped immediately and 26 people were made redundant.
The Stevenson Road site began making gas lamps over a century ago and became a roll maker about 95 years ago.
It was known as the Davy Roll company but, after going into receivership, was reborn as Castmaster Roll in the mid-2000s, taken over by new owner Mel Farrar.
A spokesman for KPMG said: “The joint administrators are pursuing a sale of the business on a break-up basis as a going concern sale was no longer achievable. As a result, the joint administrators have ceased operations and have made the remaining workforce redundant. Three employees have been retained to assist during the wind-down process.”
Source: theStar.com
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