A consortium made up of the Dutch Investment and Development Agency for the Northern Netherlands (NOM), Dutch recruitment company Sterk Advies and Dutch poultry processor Berg Holding is to buy bankrupt Dutch poultry company Storteboom for an undisclosed sum.

NOM said the poultry processor, which closed its slaughterhouses when it was declared bankrupt on 14 May, would resume operations. At least 250 of Storteboom’s 1,000 employees will keep their jobs as part of the takeover deal.

The company’s slaughterhouse in Putten, central Netherlands, will remain temporarily closed due to the avian flu virus in the region.

Storteboom, which is the country’s largest poultry processing company with a 20% market share, posted losses in the last two years due to competition from cheap imports from Thailand and Brazil. The company’s financial situation was made worse by the recent outbreak of bird flu in the Netherlands. Storteboom has two slaughterhouses in Gelderse Vallei, the central region where the outbreak was first discovered, reported the Dutch News Digest.