Rock Farm Dairy sale protects 55 jobs
More than 50 jobs at a County Durham dairy have been secured after it was sold.
Administrators were called in to Rock Farm Dairy, in Wheatley Hill, in March, putting 88 jobs at risk.
PricewaterhouseCoopers said 55 jobs had been protected following the sale to UK Dairy Sales (UKDS) Limited. The remaining 33 staff were made redundant.
PricewaterhouseCoopers said the business had been sold as a going concern.
Joint administrator Stephen Oldfield said: "The sale is positive news for all stakeholders as it enables the transfer of 55 employees and preserves continuity of supply to customers in the North East."
UKDS owner Jon Thornes said: "With the future of the dairy secured we can now concentrate all our efforts into growing the business, creating new local jobs and continuing to produce the highest quality, locally produced milk and dairy products for our thousands of customers across the north of England."
It is planning to invest more than £2m to develop the business.
It will continue to trade as Rock Farm Dairy to preserve the 105-year-old brand.