Chapel-en-le-Frith-based Crimped Paper Works was placed into administration on 13 January 2011, with Andrew Poxon and Paul Reeves from insolvency specialist Leonard Curtis Recovery appointed as joint administrators.

Kevin Murphy, an insolvency manager at Leonard Curtis Recovery who dealt with the case, said that the company some 27 staff made redundant following their appointment.

He said: "The company had lost a significant amount of turnover from one of the main customers in the period prior to Christmas, and as a result of the loss of the customer, a number of redundancies were made immediately following our appointment as administrators."

Murphy added that immediately after their appointment they were contacted by a number of parties that had earlier expressed an interest in acquiring the business and assets.

The best offer was from Doric Anderton, and the sale was concluded on 14 January 2011, with some 29 employees transferred to the purchaser on completion.

Manchester-based packaging business Doric Anderton is one of the largest independent suppliers of paper and board related products throughout the UK.

It also represents a wide number of independent mills on a partnership and agency basis.