Turkey meat producer Bernard Matthews has been acquired by the 2 Sisters Food Group in a deal that will safeguard some 2,000 jobs.
2 Sisters, headed by so-called “chicken king” Ranjit Boparan, bought the firm from private equity group Rutland Partners through a pre-pack administration.
A spokesman for Boparan said: “We intend to respect and build on the 66-year heritage of a much-loved British brand and crucially help to deliver Christmas 2016, which would have been at risk without our intervention.
“We have a proven track record in turning around businesses and we aim to make Bernard Matthews great again.”
The deal does not include the Bernard Matthews pension scheme, which is likely to fall into the Pension Protection Fund.