MORE than 200 jobs will be saved with the sale of most of the collapsed North East bakery company Peters to a Yorkshire firm.
But 153 staff will be made redundant with the closure of 34 Peters Bakery stores and cuts at its Durham headquarters and distribution centre.
Administrators KPMG have sold 22 stores, the factory, offices and its retail van business have been sold to Scarborough-based family firm Cooplands.
Mark Firmin, joint administrator and regional head of restructuring at KPMG, said: “We undertook negotiations with several interested parties and this deal represents the best outcome for both the creditors and the employees of the company.
“It means that as much of the business as possible will continue to trade under the new ownership of Cooplands, safeguarding more than 200 jobs.”