Sixty jobs have been saved at an ice cream factory in South Wales after a refinancing and takeover package was agreed.
Hill Station Plc, based in Cwmbran, went into administration briefly yesterday before an acquisition was agreed by David Lavelle and Acuity Capital.
The company will now operate as Loseley Dairy Ice Cream Limited and will incorporate six brands – Granelli, Thayers, Yorkshire Dales and So-Real Ice as well as the Loseley and Hill Station brands themselves.
As managing director, Lavelle said: “Loseley Dairy Ice Cream Limited has one of the best equipped factories and has a highly motivated management team capable of meeting all of its objectives.
“We look forward to providing all our customers with innovative products and the quality and service levels that they expect and to successfully working together.”
The company said that when its growth plans are realised it will employ a further 20 staff at the site.