- 3 updates
The new buyer of a Flintshire curtains factory says 200 jobs will be safeguarded immediately, and up to 300 saved over a longer period.
Montgomery Tomlinson collapsed last month, with 500 jobs thought to be lost - including 146 at the Broughton base.
Investment company a2e Venture Catalysts Limited has now bought the business and its assets, establishing Montgomery Furnishings Limited.
The administrators at Flintshire curtains supplier Montgomery Tomlinson say the new buyer "is looking to safeguard the jobs of a large proportion of the former workforce, with the intention of increasing the headcount in line with targeted trading."
The curtains supplier has a factory and warehouse at Bretton in Flintshire, where 146 people were told they were losing their jobs last month.
It has concessions in 123 department stores and retailers, including Debenhams and House of Fraser.
KPMG has now completed a sale of the business and its assets, to Montgomery Furnishings Limited, established and funded by investment company a2e Venture Catalysts Limited.
The new buyer of a North Wales curtains factory hopes to save 200 jobs.
Last month, 500 employees at Montgomery Tomlinson in Flintshire were told they would lose their jobs, including 146 in Broughton.
Manchester firm a2e Venture Catalysts says it has bought the firm from administrators.