A deal has been reached to save Axminster Carpets.
The company - which employed 400 people on two sites - went into administration a month ago.
Since then talks have been held with a number of interested parties and it's understood that last night an agreement was finalised with one of them.
Multi-million pound construction skills drive hits Devon
Burglar jailed for daylight break-ins
Boardmasters launch main stage competition
Plymouth labour MP refuses to resign
Devon women cycles 250 miles for Shelterbox
Reform leader stays quiet over suspension of new councillor
