Jobs saved as eco-friendly packaging manufacturer is sold in pre-pack deal
A company which manufactures eco-friendly packaging for takeaway food items as well as wooden cutlery, paper straws and cups has been bought out of administration, saving the jobs of its 14 staff.
Steven Wiseglass, a director at Manchester-based Inquesta Corporate Recovery & Insolvency, was appointed administrator of Eco Packaging Products Ltd on Thursday, February 15.
Following his appointment, Mr Wiseglass completed the pre-pack sale of the business to EP2 Packaging Ltd.
Eco Packaging Products was founded in February 2020 and operated from a 25,000sq ft facility in Little Hulton, Salford. The premises are accredited with grade A status by the British Retail Consortium. EP2 Packaging is operating from the same premises.
The company supplies wholesalers with a range of corrugated cardboard and solid board takeaway food boxes which are free of plastic, responsibly sourced and biodegradable. They are used for snacks and meals as well as cakes and baked goods, pizzas, burgers and chips.
Its wooden cutlery is produced from ethically sourced birchwood and all items are recyclable, biodegradable and compostable, as are its paper straws and cups.
Mr Wiseglass said: “Eco Packaging Products showed great potential and spent a lot of money on research and development, but unfortunately business did not go quite the way its owners wanted.
“We are pleased that the business has been sold and that the jobs of its employees have been safeguarded, and hope it flourishes under its new ownership.”
