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.
Man dead due to 'bad batch' of herion
A major incident was declared in North Devon
Teen pregnancies falling in Devon
Number has been broadly trending down since 2015
Dental van on way to Devon to help tackle treatment crisis
It will help tackle treatment crisis in hard-to-reach communities.
Misconduct inquiry into suspended chief constable suspended
Frustration at pace of investigation
Good time for dolphins in Torbay
VIDEO: Happy pods spotted
Devoncast - traffic, trees and Toby Buckland
Devoncast is back with the latest from around the county
