Heritage Woollen Mills, which went into receivership in January 2002 with the loss of 2000 jobs, has been bought by a local investor for more than 300 million Kenyan shillings (US$3.84 million).

The new owner is Rupa Cotton Mills Limited, a subsidiary of the KenKnit factory, which plans to reopen the plant in the next few months with the creation of around 1,500 new jobs.