100 Fermanagh jobs secured Bite Group takeover
Around 100 jobs have been saved in Co Fermanagh after an ailing food firm was bought out of administration.
The Bite Group in Enniskillen has been taken over by Adelie Foods Group, securing the jobs of staff at its Lackaboy Road factory.
The sandwich and fresh food manufacturer and distributor is believed to have faced cashflow problems after losing a contract.
Bite Group was founded 1998 by managing director Michael Keogh and started out with supplying shops in Co Fermanagh. But its operations grew steadily so that it became a business supplying customers across Ireland.
It expanded the business into supplying restaurant and coffee chains, leading it into third party product sales and distribution. It also established smaller operations in Belfast, Galway, Cork and Dublin.
But following the loss of the key contract, business advisers Deloitte was appointed administrators on Friday. The firm has now been bought over by London-based Adelie, which styles itself as the UK's leading 'food to go' business. It's understood loans relating to Bite Group had been sold to American investment fund Cerberus.