Some 78 jobs have been saved after a food packaging business was bought out of administration. Mansfield-based iTEC Packing, which makes tops for plastic bottles, as well as tubs and containers mainly for dairy as well as other food and drinks sectors, has been bought by global packaging business Alpla UK.
A team from FRP Advisory was appointed as joint administrators in April, after iTEC was hit by financial pressures due to tough trading conditions. FRP said the sale would see all staff transferring to the new owner.
Most recent accounts show the Mansfield operation had a £27 million turnover in 2021 and losses of around £1.5 million.
