Administrators at Sheffield-based packaging printer Greenup & Thompson have decided to close the business with the loss of 60 jobs.

"Sadly we were forced to close the business after failing to find a suitable buyer," said Menzies Corporate Restructuring joint administrator Jason Godefroy.

A skeleton staff of 10 employees is still on-site, completing work and overseeing return of work to clients.

"The only likely purchaser was a competitor, and given the state of the market they were either in the same state or cutting back," added Godefroy.

In October Greenup & Thompson called in the administrators, who immediately cut 29 jobs from its 100-strong workforce (PrintWeek, 5 October).