Irish Pride in receiver process

Irish Pride Bakeries, one of the largest bakeries in Ireland, has gone into receivership.

Workers at its two facilities, in Wexford and Mayo, were informed by letter on Thursday and have been given assurances that they will be paid and that the change in control would not affect trading.

Declan Taite and Pearse Farrell of Duff & Phelps have been appointed as joint receivers and are seeking to sell the business and its assets as a going concern.