BUYERS have been found for the vast majority of Yorkshire-based bakery business Ainsleys.
A team of restructuring and corporate finance specialists at Grant Thornton’s Leeds office have brokered deals to save most of the 285 jobs at the firm.
The deal means Leeds-based Countrystyle Foods has bought the Ainsleys bakery business and name while 20 of the firm’s 29 leasehold retail outlets have been sold – split evenly between Cooplands of Scarborough and Cooplands of Doncaster. The firm’s sandwich van business has been sold to A W Food Services Ltd.
Joe McLean, partner at Grant Thornton in Leeds, who has been leading the search for a buyer for Ainsleys since the firm went into administration in November, said: “We are are really pleased to have found buyers for the majority of the various businesses within the Ainsleys portfolio.
“Negotiations are still ongoing in respect of the remaining nine stores and we hope to be able to announce a positive resolution shortly.
Anthony Barrett, of Grant Thornton’s Leeds-based corporate finance team, led the transaction with legal advice from Sally Williamson of DLA Piper.