The signing of a letter of intent on June 13 to purchase the bankrupt US tannery, Irving, based in Hartland, by Meriturn Partners, a private investment company, looks set to save the company and the jobs of the 250 employees.

Meriturn Partners will continue Irving Tanning Co. operations on the strength of an approval secured from a US Bankruptcy Court, which will allow workers to continue to work and be paid until Meriturn finalises the deal to purchase the tannery, which is likely to take place in July. Irving filed for bankruptcy in March following.

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