Roberts Bakery's parent company, Frank Roberts & Sons Limited, has been acquired by Boparan Private Office, owned by entrepreneur Ranjit Singh Boparan.
The investment has resulted in the creation of a new company, Roberts Bakery 1887 Ltd, securing 433 jobs at the historic bakery business.
The news follows Roberts Bakery's announcement to enter administration earlier this month, after planning to close its site in Ilkeston and restructuring at its Northwich site.
No comment from the entrepreneur.
Author's summary: Roberts Bakery is saved.