A buyer has been secured for iTEC Packaging (Mansfield) Limited – securing 78 jobs.
Martyn Rickels, Simon Farr and Allan Kelly of specialist business advisory firm FRP were appointed as joint administrators to iTEC Packaging (Mansfield) Limited on 5 April 2023 and have now secured a sale of the business and its assets to Alpla UK Limited, a global leader in innovative packaging solutions.
iTEC Packaging was a plastic packaging designer and manufacturer that provided compression moulding and injection moulding of closures for the dairy industry, as well as the food and beverage sectors. The company faced financial pressures following difficult trading conditions and was placed into administration.
The sale of the company will see all 78 employees transferring to the new owner, Alpla UK Limited.
Commenting on the acquisition, Jens Seifried of Alpla UK said: “With the acquisition of the iTEC Packaging (Mansfield) business, the global packaging and recycling specialist ALPLA is expanding its expertise as a packaging system provider in the UK market.
“The plant in Mansfield manufactures closures for dairy bottles which are made from HDPE using compression moulding and injection moulding processes. With our global know-how, with this acquisition we can increasingly offer the UK dairy industry sustainable, efficient and innovative packaging solutions.”
Martyn Rickels, joint administrator of iTEC Packaging (Mansfield), said: “iTEC Packaging was a long-established business and player in the dairy supply chain so we’re delighted to have secured a new buyer.
“Alongside the transaction to sell the sister business in Chester-Le-Street, this has helped save nearly 200 jobs in a short space of time, as well as protecting the customer base with ongoing production.
“We wish Alpla UK and its team every success as they take the business forward.”
James Cameron, Samantha Latham, Samantha Poulton and Faith James of Pinsent Masons provided legal advice to FRP Advisory.
