A buyer's been found for Banham Poultry in Norfolk after it revealed yesterday (Thursday 4th October) that it was in financial trouble.
There were fears for the future of the company at Attleborough, which employs more than a thousand people.
The MP for Mid Norfolk George Freeman, along with other MPs and local councils have been working closely with the company directors and their bank to secure the business.
It's been revealed that a deal has been done with Chesterfield Poultry in Derbyshire.
The MP for South West Norfolk Liz Truss has also been working closely with the directors of Banham Poultry.
The Conservative MP welcomed the announcement that a buyer has been found.
The administrators Duff & Phelps secured the sale of the business and its assets to Derbyshire based Chesterfield Poultry Limited.
The business specialises in chicken production and its products are sold in grocery stores and small supermarkets around the UK, processing over 1,200,000 birds a week.
The administrators say the sale of the business covers all assets, employees on permanent contracts, a hatchery and farms and processing plants at Banham.
The swift conclusion means there will be no break in processing, guaranteeing the continued supply of high quality poultry to the UK food industry.