170 jobs lost as packaging firm appoints administrators

Administrators have been appointed at a Telford packaging firm, after struggling with rising costs.

172 staff have been made redundant at Sirane after it faced increasing financial difficulties from the impact of rising raw material costs, energy prices and supply constraints.

TheBusinessDesk.com revealed that Sirane had posted a notice of intention (NOI) to appoint administrators (July 10) and had enlisted Interpath to help move the firm forward. Interpath was then appointed as Sirane’s administrator on July 15.

Before its collapse, Sirane had 194 employees across three sites in Telford. It operated worldwide across several sectors including food packaging, medical and healthcare, horticulture, and industrial applications.

Administrators have retained 22 employees to assist them with their duties, and are exploring a number of options including seeking a buyer for the businesses, exploring interest in the company’s plant and machinery, and realising the remaining assets.

Chris Pole, managing director at Interpath and joint administrator, said: “Unfortunately, the significant financial difficulties faced by Sirane due to rising raw material costs, increasing energy prices, and supply chain constraints have left the company in an unsustainable position.

“Our primary focus is to support those affected employees, providing them with the guidance and resources needed to file claims from the Redundancy Payments Service.”

Customers and suppliers will be contacted directly by the administration team to discuss the administration and next steps.