UK-based Dairy Crest has acquired the business and assets of a small specialist milk business Proper Welsh Milk from its administrators BDO for 325,000 Euro.
Created in 2011, Proper Welsh Milk employs around 40 people and supplies local milk for Tesco, Marks and Spencer and a number of other customers.
Due to cash flow problems Proper Welsh has gone into administration on 1 March 2013.
Dairy Crest chief executive Mark Allen said: "Our priority is to maintain supply to customers and use this modern dairy in a strong milk field to help us to develop new products, such as vitamin enriched milk."
BDO joint administrator Simon Girling said: "We are pleased that this important facility in the local community has been preserved, and can now enter a new era with confidence, with the support of an industry major."