Dundee-based Bonar Yarns, which went into administration in early April, has now been sold to Newman Yarns; a new business created for the purposes of the acquisition.
The deal, which is for an undisclosed sum, includes the transfer of the premises, all 59 staff, and all assets on a going-concern basis with immediate effect.
It is expected that Bonar Yarns will be retained as the trading name of the new business.
