BusinessBusiness RecoveryHibernia close to finding a buyer

Hibernia close to finding a buyer

KPMG could help struggling food manufacturer Hibernia find a buyer in time for Christmas, saving 2,000 jobs.

Link: For turnaround stories

Hibernia’s administrator has indicated that some of the biggest names in the industry have expressed interest in buying the company.

Hundreds of jobs are at risk across the Midlands and the North at sites including Birmingham, Bridlington and Hartlepool.

It is understood that Hibernia Foods has a number of debts including £17.5m owed to one company alone.

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