About 140 jobs have been saved by the acquisition of North Yorkshire-based meat products specialist Holmesterne by its Leeds-based neighbour Troy Foods.

The undisclosed rescue deal comes after near 40 year-old business - which counts major supermarkets such as Asda and Tesco among its customers - had experienced margin pressure and brought in restructuring experts Interpath, who led the transaction. Holmesterne is said to have had a strong track record in the sector but faced high costs across ingredients, packaging and factory costs, with the headwinds being compounded by increases in employment taxes.

Accounts for £20m turnover Holmesterne, covering the year to the end of June 2024, show pork prices in particular had put pressure on its gross margin. Between 2023 and 2024, the firm had

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