MORE than 400 jobs have been saved at a printing company.
Service Point UK has joined Paragon Group UK.
The company has offices in Middlesbrough and Gateshead.
Bosses say the main trade and assets of the business have been acquired by Paragon, which provides print and document management services across the UK and Europe.
Michael Barton-Harvey, Service Point managing director, said: “The UK business was put up for sale earlier this year after our Spanish parent company could not restructure significant debt.
“We have worked relentlessly with all parties involved in the sales process to ensure every avenue was explored to achieve the best possible outcome to the situation.
“This acquisition marks a new chapter for our business and will allow us to continue providing excellent service to our national client base, while strengthening our proposition.”