Sale of Cumbrian Foods secures jobs

Cumbrian Seafoods, based in Seaham, County Durham and its subsidiary Border Laird, called in administrators because of rising raw material costs, BBC News reports

They were bought by Young's Seafood Limited for an undisclosed sum.

Cumbrian Seafoods employs 378 people in Seaham and 117 in Whitehaven. Border Laird employs 79 in Amble.

A spokesman for administrators PricewaterhouseCoopers (PWC), told the news source that rising raw material costs and reductions in activity played a role in the companies' decision to go into administration.

"The sale means that it remains business as usual for customers and staff.

"I'm delighted that we have been able to secure a sale of the business, enable the transfer of all employees and preserve the continuity of supply to customers in the run up to Christmas," he told BBC News.