Jobs have been saved after firm which prints brand names on clothes was sold out of administration.
The pre-pack deal for Stockport-based Creative Apparel has seen its business and assets bought by Apparel Services.
Its premises in Oakfield Road has been snapped up by Oakfield RD, also owned by the same third party.
Rick Harrison and Howard Smith from Interpath Advisory had been appointed as joint administrators of Creative Apparel on March 3, 2022.
In a statement, Interpath Advisory said: "The company suffered trading losses in the wake of the Covid-19 pandemic, primarily due to production constraints from lockdown closures and subsequent social distancing restrictions.
"In addition, sales to one of its significant customers reduced materially during 2021.
"Furthermore, the company had commenced construction of a new manufacturing facility in 2020, and experienced cashflow pressures as a result of increasing construction costs and project delays.
"After reviewing funding options, including exploring options for a potential sale, it was concluded that it was in the best interests of the creditors for the Company to be placed into administration."
As a result of the deal, a total of 14 employees will TUPE transfer to Apparel Services.
Rick Harrison, managing director at Interpath Advisory and joint administrator, added: "We’re pleased to have been able to conclude these transactions which safeguard the future of this innovative Stockport business, as well as preserving a number of jobs.
"We wish the new owner, management team and all employees the very best for the future."
The joint administrators were advised by Tim Taylor and Barry Davies at Addleshaw Goddard.
