A County Louth based fruit and vegetable distributor has taken a 50% stake in Flancare Clonmel Distribution.
The move is expected to save 200 jobs in Clonmel and Longford.
Total Produce has invested in a new company in which it’s understood the current owners and management of Flancare will hold the remaining 50% share.
A provisional liquidator was appointed to Flancare last month.
The new company will operate from Flancare's Clonmel headquarters as well as using the Longford plant.
