{"id":1247,"date":"2024-07-30T09:18:50","date_gmt":"2024-07-30T13:18:50","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=1247"},"modified":"2024-07-30T09:18:50","modified_gmt":"2024-07-30T13:18:50","slug":"siranes-administrators-secure-deal-with-coppice-alupack-172-jobs-lost","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=1247","title":{"rendered":"Sirane\u2019s administrators secure deal with Coppice Alupack, 172 jobs lost\u00a0"},"content":{"rendered":"


\n<\/p>\n

\n
\n
\n \n <\/picture>
The deal has led to the redundancies of 172 people. Credit: Pixel-Shot via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Financial advisory company Interpath, comprising joint administrators Chris Pole and Ryan Grant, has successfully facilitated the sale of Sirane, a UK-based packaging specialist, to Coppice Alupack.\u00a0<\/p>\n

The deal comes after Sirane appointed Interpath<\/a> after grappling with rising costs of raw materials, energy prices, and supply chain issues.\u00a0<\/p>\n

Sirane specialises in the design and manufacture of packaging solutions and absorbent products.\u00a0<\/p>\n

The company serves various sectors, including food, medical and healthcare, and horticulture and offers products for industrial applications.\u00a0<\/p>\n

The deal has resulted in 172 redundancies, Interpath said in a statement. It cited an inability to continue trading amid administration.\u00a0<\/p>\n

Pole said: \u201cSirane now has a future in Telford with the backing of Coppice Alupack. This transaction provides continuity for Sirane\u2019s 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.\u201d \u00a0<\/p>\n

\n

Access the most comprehensive Company Profiles
\n on the market, powered by GlobalData. Save hours of research. Gain competitive edge.<\/p>\n