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Frozen food manufacturer set to close after sale falls through

20 July 2018

Freshpack Ltd – the frozen food manufacturer which went into administration in June – is to close after the business failed to find a buyer. 

Administrators, Dunham Dean Advisory, had liaises with a number of parties but the low margins in the industry had deterred all potential buyers.

"The convenience food sector is the subject of intense competition, particularly at the value end of the market, and the fall in sterling has forced up costs, said Matt Dunham of Dunham Dean Advisory. “The margins that Freshpack could achieve were simply not sufficient to make it attractive to a buyer. Established in 1952, Freshpack was one of the UK's leading manufacturers of frozen pastry products and ready meals, and supplied frozen food and discount stores with its own brand and white label products.

The Alsager-based company went into administration in early June following a period of difficult trading but continued to operate while a buyer was sought. Ten staff were made redundant in the wake of the administration and the remaining team of around 60 will leave in the coming days.

www.dunhamdeanadvisory.co.uk


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