Buyers have been found for large parts of bankrupt fibre firm Trevira Group, administrators for the former Reliance Industries subsidiary have announced.

Stefan Messer and Dr Karl-Gerhard Seifert, both of whom have been involved with Trevira in the past, have bought most of the group, with the deal likely to complete by the end of September, subject to finance.

The deal safeguards the Trevira production sites in Bobingen and Guben, Germany, and at Zielona Gora in Poland.

It also includes the company's marketing and sales office in Hattersheim, Germany, and all the group's trademarks and patents.

In a joint statement, Messer and Seifert said: "We are convinced that, after several changes of owners in the past ten years, the restructured Trevira Group has all preconditions again to become a stable company and fit for the future."

Werner Schneider, Trevira's insolvency manager, added: "This fast conclusion of the sale enables us to secure many jobs and production sites.

"Moreover, the Trevira Group will continue to operate as an independent company on the market."

Attention has now switched to the completion of a possible management buy-out of Trevira's subsidiaries in Belgium and Denmark.