Tue, 05 Jun 2018 | ADMINISTRATION
Alsager-based pie and sausage roll manufacturer Freshpack Ltd has appointed administrators after more than six decades in the industry.
According to the family-owned firm, which is based in the Excalibur Industrial Estate, the decision follows a difficult period of trading but has still left the company in an attractive position for potential buyers.
Matt Dunham, of Dunham Dead Advisory, has been appointed administrator for the company, and has suggested that the sale of the business would present an ideal opportunity for any other manufacturer looking to expand their operations.
"Freshpack operates a fully-equipped modern factory with a long-standing, skilled workforce and benefits from an established customer network," Mr Dunham said. "This provides a great opportunity for another manufacturer to extend their production facilities, develop new product lines and expand into new areas of the market."
According to the administrators, the company is now in negotiation with suppliers and customers to ensure that all its operations continue to run smoothly while the administration and sales process goes ahead.
Additionally, Sara Williams, chief executive at the Staffordshire Chambers of Commerce, has stated that the all affected staff will be provided with support.
She said: "It is always a sad day when any local business goes into administration, especially one which has been in business for over 50 years."
Founded in 1952, Freshpack Ltd supplied frozen pastry products, snacks and ready meals to frozen food firms and discount shops around the country. The technology used to conserve and package the food includes some of the latest packing technology, including fully-automated puff pastry production.
Popular and well-regarded Sushi and Ramen restaurant and takeaway, which is situated in a prime city centre location in Norwich. The premises are set over three floors and are presented to an extremely high standard throughout and offers the opportun...
LEASEHOLD
Superb high-turnover fish & chip, and additional adjoining takeaway outlet, currently offers pizza, but would suit all types of fast food, or could be used as a eat in/dining area which it has been used for in previous years. Situated in the affluent...
LEASEHOLD
Revered restaurant business located in the heart of Derbyshire with an operational history exceeding 35 years, this establishment has been an epicurean beacon, offering an array of world and modern European culinary delights. The restaurant's prime l...
FREEHOLD
26
|
Apr
|
Major double glazing firm Everest enters administration | ADMINISTRATION
Everest, one of the largest providers of double-glazing in t...
26
|
Apr
|
Kent-based scientific consultancy sold to US firm | BUSINESS SALE
A4P Consulting Limited, a scientific consultancy company hea...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.