Deal secures future of packaging specialist where 170 jobs were lost
A Telford-based business which was forced into administration leading to the loss of 170 jobs has been saved.
Chris Pole and Ryan Grant from Interpath Advisory have secured the sale of the business and certain assets of Telford-based Sirane to the packaging supplier Coppice Alupack.
Sirane is a leading packaging development-to-manufacturing business that specialises in the design and manufacture of packaging solutions and absorbent products, operating across several sectors, including food packaging, medical and healthcare, horticulture, and industrial applications.
The joint administrators were appointed on 15 July 2024 after the business faced financial difficulties due to the impact of rising raw material costs, energy prices, and supply constraints. There were 172 redundancies as it was not possible to continue to trade the business in administration.
Coppice is an international manufacturer and supplier of packaging to the food manufacturing, processing and baking industries, as well as the wholesale, institutional catering and non-food markets. The sale will see Sirane’s Emerald site in Telford retained, as well as the transfer of 22 remaining employees of the business as it looks to restart production.
Pole said: “Sirane now has a future in Telford with the backing of Coppice Alupack. This transaction provides continuity for Sirane’s customers and the opportunity to bring the business back to life. We wish the team at Coppice Alupack the best of luck as they take the business forward.”
Derek Nixon, CEO of Coppice, said: “We are proud to be able to add Sirane to the Coppice family; securing its future and those that have been affected during this time. We now look forward to working with our customers and suppliers, to set a path of growth for this well-respected business.”
