David Wood Baking, the Leeds-based bakery wholesaler, has acquired the ready meals firm Creative Foods.
Flintshire-based Creative had been threatened with closure and the loss of 142 jobs, after owner the Brakes Group said the site was no longer viable.
Its divisional director, Ranald Forbes, said the company was pleased it had found a buyer to retain the plant as a going concern.
David Wood Baking makes a range of frozen ‘bake off’ and craft bakery products from six sites around the UK. It supplies a number of retailers including Tesco, Asda, Sainsbury’s and other supermarket chains.
Last year it also acquired the Italian breads division of Maple Leaf, based in Park Royal, London, for an undisclosed sum as the business continues to expand.