44 jobs lost as administrators look to sell packaging firm

Some 44 jobs have been lost at iTEC Packaging in Mansfield, it has emerged.

As we reported yesterday morning, Martyn Rickels, Allan Kelly and Simon Farr of advisory firm FRP were appointed as joint administrators to iTEC Packaging (Mansfield) and iTEC Packaging (Chester-Le-Street) on 5 April 2023.

iTEC Packaging is a plastic packaging designer and manufacturer that employed 247 staff across sites in Chester-Le-Street and Mansfield. The business, which provides injection moulding, thermoforming, extrusion and compression moulding services, faced financial pressures following difficult trading conditions.

The joint administrators will continue trading iTEC Packaging to fulfil outstanding orders where possible while they market the business and assets for sale. Upon appointment, 44 roles were made redundant. The remaining staff have been retained to help the joint administrators in their duties.

Rickels said: “iTEC Packaging has sizeable operations in Chester-Le-Street and Mansfield with manufacturing capabilities that can produce a vast range of packaging products. We have begun a marketing process to find a buyer and encourage any interested parties to come forward.

“In the meantime, we are trading the business as we fulfil outstanding orders for customers.”