EMPLOYEES at a Leeds business will have to wait until the new year to find out how a buyout by a billionaire will affect them.
The YEP revealed last week that Nampak Cartons, which operates at the old Waddingtons factory at Cockburn Fields in Beeston, had been bought by Beverley Hills-based Platinum Equity for around 80 million.
The US firm is run by billionaire Tom Gores.
Platinum Equity bought South African-based Nampak Cartons Europe and the buyout also affects plants in Gillingham, Kent, and Hoogerheide in The Netherlands. Nampak Healthcare has also been purchased.
Last week, a spokesman for Nampak Cartons said: "It is envisaged that the management teams and staff of Nampak Cartons and Healthcare will move with the businesses which will be rebranded as part of the change of ownership."
Now the 430 staff employed in Leeds have been told that they will to wait and see what happens.
The spokesman has now told the YEP that: "There won't be any further news until the New Year."
Andy Hogg, regional officer for trade union Unite which represents around 300 workers at the factory, said he had no great fears although he had not been able to find out much information about the takeover.
He said: "I am completely in the dark about it. I am hoping it is all good news from here on in."
He added over the years the management and workforce had worked together to sort out "some issues" a few years ago and that the relationship between both was good.