The local council of Debrecen said it found an investor for Hungarian meat company Debreceni Csoport Húsipari (DCsH), which was closed down by its owner, the Slovak Penta group, on June 30.
Debrecen Mayor Lajos Kósa and Deputy Mayor László Papp told the company's employee representatives that they have found an unnamed investor who would take over the plant and production can restart in more than a month.
The Penta group announced this spring it would close down the plant, employing 400 workers, on July 1, and would move production to Lucenec, Slovakia. Penta said at the time it would also close its cured sausage plant in Mosonmagyaróvár.
Penta acquired Debreceni Csoport in 2008 and bought the Mosonmagyaróvár plant from Kaiser Food last summer. The latter acquisition was cleared by the Hungary's Competition Office (GVH) in November.