The deal will secure all 70 jobs at the East Lothian-based specialist bookbinder and print finisher, which went into receivership on 29 October.

Fraser Gray, joint receiver with Kroll Buchler Phillips, said he was pleased that the sale would provide a more secure future for the employees, and that it had been secured without the need for any redundancies.

Hunter & Foulis Wakefield plant did not form part of the deal, but Gray said discussions were still on-going with another interested party, and was hopeful that this would lead to its sale as a going concern.