After 42 years of production in Haverhill, Marchant Recycling is to cease trading on Monday (31) with the loss of 69 jobs.
The company - whose history goes back 80 years - has called it a day after a deal to secure essential investment failed to materialise, leaving it unable to purchase the newer and faster machines needed to increase production levels.
It’s final day of trading will be Monday, after which the four decades of producing plastics such as bags for retailers and clingfilm that it has seen since moving to Haverhill from Harlow in 1972 will end.
Sitting in an office with half of its furnishings gone, director Simon Marchant, said: “We will be finishing up on Monday.
“The machines have been sold to a company in Lithuania called Plasta.
“It is a very sad day and there are a lot of people here who have been here for a very long time.
“We had the Job Centre come round and they’ve been very good. We had a room full of people and we had eight people in that room with 138 years experience between them.”
The company changed its name from Marchant Manufacturing to Marchant Recycling after being bought out by the Chinese-owned company New Tree Holdings in August 2012.
Last August the hoped-for investment never happened, leading to the sale of the buildings to another plastics company, Slough-based Imperial Polythene, who will move into the empty premises on Tuesday, April 1 and are advertising locally for staff.
Mr Marchant said all Marchants’ staff were offered jobs at Imperial Polythene but turned them down because ‘the rate of pay and hours were not the same.’
He did add however, that the Job Centre felt many of the staff had the skills and experience to find work.
In its heyday Marchants employed up to 140 staff and had many working from home packing products on a piecemeal rate.
It supplied bags to major retailers such as Tesco and Sainsbury’s as well as large wholesalers.
Mr Marchant added: “We were always very good to our staff and that’s why they were very good to us. We are very sorry to see them go. It’s been an emotional journey.”