It is understood that a buyer has been found for Cappoquin Poultry, one of the largest employers in west Waterford.

The company had been in receivership.

The identity of the buyer is not yet known, but it is believed to be an English company.

The factory at one stage employed more than 120 people.

Two dozen chicken producers have lost upwards of €100,000 each in unpaid invoices to Cappoquin Poultry over the past four years.