Jobs saved as printing group BemroseBooth sold
More than 160 jobs have been saved after a buyer was found for a printing company which went into administration last month.
BemroseBooth, which employs 125 people in Hull and 34 in Thornaby on Tees, has been sold to the Paragon Group.
Administrators said several offers were received and considered before the sale was finalised.
BemroseBooth blamed increasing competition from developing companies when it went into administration.
The company was the largest supplier of car parking tickets in the UK and also produced rail and event tickets, phone cards, business diaries and calendars.
Joint administrator David Rubin said: "We are delighted that we have been able to finalise this sale, saving around 160 jobs.
"I want to compliment the workforce for their efforts, the customers for their support and those suppliers who stuck with us during this process. We wish the workforce and the new owners every success for the future."