Hundreds of jobs could be saved at a Solway Foods in Corby following the sale of the company.
In February management announced plans to close the Godwin Road factory with the loss of 930 jobs.
The first of the workers to be made redundant left in March and there are now 341 employees still working at the factory.
Solway, which has started the process of transferring the company to the new owners, said it is unable to say how many of the remaining workers will keep their jobs.
A spokesman for the company, said: “Solway Foods is pleased to announce the sale of its food processing site in Corby.
“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. There will be a transition period as existing customer contracts transfer to the new company.”
Last week it was announced that Food Utopia has bought Avana Bakeries in Newport, which was also under threat of closure.
Management at Solway Foods in Corby said its plant in the town was ageing and that it was no longer viable, despite improvements.
Following the closure announcement a task force was set up to help redundant workers find new jobs.