It has emerged that talks have broken down with one potential buyer for UK food group, Hibernia Foods, which is currently in receivership.
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But the receivers, KPMG, say that they are talking to other potential bidders for the company. One of those interested is believed to be a UK-based baking company.
Hibernia Foods makes frozen desserts for the US-based bakery giant Sara Lee. It has a total of six plants throughout the UK and employs a total of 2,000 people.
A spokesman for KPMG said that talks were continuing, although it was not possible to put any timescale on possible developments.
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