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.
Paignton road to remain closed for weeks
Void first appeared in April
Land secured for Plymouth animal charity
Council steps in after supporters raise more than £10,000
New service station could be built near Barnstaple
The scheme includes 22 business units
Devoncast- Murder in Sidmouth with Jeremy Vine, crumbling cliffs and fake tweets for the birds
Murders, rockfalls and swifts among Devon's stories this week
Concern as under half of Devon residents eat their 5-a-day
Worse than national average
Dawlish cliffs could collapse at any time
Newton Abbot MP says action needed
