Pan Drops were once a household name in Scotland

A team led by Graham Wallace and Andy Allan has bought Broxburn-based John Millar and Sons, which includes Pan Drops in its products.

The two men put together a deal to save Highland Toffee maker McCowan's when it went into receivership earlier in the year.

Mr Wallace predicted a successful future for the two firms.

"The combination of the two businesses gives revenues of �10m per annum, making us one of the biggest confectionery manufacturers in Scotland," he said.

The Broxburn firm was founded in 1884 by Leith baker John Millar and now makes chocolate eclairs and chocolate limes as well as Pan Drops.

The receivers were called in after margins became tighter through a combination of production problems, increases in prices of raw materials and the power wielded by the major retailers.