Three firms are interested in all or part of the remaining Golden Wonder business currently in administration.
Golden Wonder employed 350 people in Corby
Many staff have already been made redundant at the firm's head office in Market Harborough, Leicestershire.
A factory at Corby has been sold and production transferred to Scunthorpe. Interested parties are now bidding for remaining parts of the snack business.
These sections, producing brands like Nik-Naks, Wheat Crunchies and Ringos, are part of the remaining operation.
Adrian Wolstenholme, of the administrators, said they received more than 60 initial expressions of interest and are now in negotiation with three of them.
He said: "Owing to reasons of confidentiality, during the sale process there is only limited information the administrators can provide until the position with interested parties is finalised.
"Administrators are able to confirm they are currently in next stage negotiations with three separate parties who have shown genuine and serious interest in the business and who can complete a deal within the necessary timeframe."
Meanwhile, the business continues to trade thanks to the support of employees, unions, customers and suppliers.