Incodia International Colchester site enters consultation
Incodia International Limited has begun a formal consultation regarding the potential closure of its Colchester production facility.
Mark Kerridge of Woodberry Packaging Group commented, ‘Having acquired Incodia International Limited back in February 2023, with the aim of creating a market leading card business with sales and profit growth, it is with regret that despite its best efforts, we have found ourselves in a position whereby the Colchester manufacturing site does not deliver sufficient profitability to the Group.
‘Naturally we are saddened to be consulting with colleagues regarding the potential closure of our Colchester site, but I would like to reiterate that no decisions have yet been made.’
The consultation process, which solely covers the Colchester site, is expected to take at least 30 days to complete, and during this time will explore any other feasible alternatives to closure. All other Woodberry Packaging owned sites and companies will continue to operate as normal and the group remains profitable.
During this period, Incodia International will continue to provide its customers with products and services as normal and without interruption.