Avana Bakeries in Newport, has been given a lifeline after its owners found a new buyer.
Its owners, 2 Sisters Food Group, confirmed that the site has been sold.
A spokesperson said: "It is proposed to operate the business under a new company, Food Utopia Ltd, which will aim to secure continuing operations. We will now commence the TUPE transfer process of colleagues."
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Gavin Carter from the Tonyrefail area died following the collision on Tuesday 15 October.
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