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Last Updated: Monday, 20 February 2006, 13:46 GMT
Buyer secures Golden Wonder deal
Golden Wonder crisps
The deal will safeguard many Golden Wonder brands
Administrators have finally completed the sale of bankrupt crisps and snack maker Golden Wonder.

Northern Ireland's Tayto has agreed to buy the firm for an undisclosed sum.

Under the deal, Tayto will acquire the group's Scunthorpe plant - securing 335 jobs at the site - as well as six Golden Wonder brands.

But administrators are now reviewing their plans for the firm's headquarters in Market Harborough after receiving no interest in the site.

Kroll said 15 jobs had been axed at the head office as a result, but Tayto had agreed to take on 21 staff from the site.

Brands saved

"We are delighted that we have reached a deal with an affiliate company of the Tayto (NI) Group, which effectively secures 335 jobs, as well as the much loved brands of Golden Wonder," administrator Peter Holder said.

"It has been a very difficult time for everyone concerned with Golden Wonder and we would like to take this opportunity to thank them for their support."

Mr Holder added that the deal would effectively secure the Golden Wonder, Golden Skins, Golden Lights, Nik Naks, Wheat Crunchies and Ringo brands.

Tayto has also bought the group's supermarket own-label production at the Scunthorpe site.

CTO Holdings, a Tayto affiliate, last month acquired Golden Wonder's Pringles Mini business and site in Corby, Northamptonshire.

Golden Wonder went into administration in January after struggling with falling sales and fierce competition in recent years.

At the time, administrators said the group had made "significant" losses in 2005, on top of a 10.8m loss reported in 2004.




SEE ALSO:
Golden Wonder bidder is chosen
03 Feb 06 |  Leicestershire
'High interest' in crisp company
15 Jan 06 |  Leicestershire
Irish company rescues crisp jobs
13 Jan 06 |  Northamptonshire
Battle to save Golden Wonder jobs
11 Jan 06 |  Leicestershire
Golden Wonder in administration
09 Jan 06 |  Business


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