Middlesbrough-based Riverside Bakery has been rescued by a local businessman after the company went into administration in October.
All 35 jobs at the bakery have been saved, after administrators Baker Tilly sold the business, which will now trade as Tees Valley Bakery Limited.
According to Baker Tilly, the new owner, who wants to remain anonymous, has plans to develop the business, which is based in the Riverside Industrial Park.
“Riverside has in recent years invested in modern production facilities,” said bakery manager Chris Timney. “The new owner is very enthusiastic and has some exciting plans.”