A consortium has agreed a deal to take over Hunter

The 150-year-old Hunter Rubber Company, based in Dumfries, was put up for sale after being placed into administration on 10 April.

The remaining 64 workers will be retained by the new consortium, which is led by Conservative party treasurer Jonathan Marland.

Administrator KPMG said the deal was a "good result" for the employees and the company's creditors.

A spokesman for the new owners said they were delighted to keep an "iconic brand" in British hands.

The consortium also includes shirt maker Thomas Pink's founder Peter Mullen, private investor Julian Taylor and the Pentland Group - whose brands include Berghaus.

Richard Fleming of KPMG said it was pleased to have completed the sale of the business and its assets.

"This represents a good result for employees as well as the company's creditors and is expected to mean the production of the famous Hunter boots will continue in Dumfries," he said.

Hunter has a terrific heritage as a British outdoor boot brand Stephen Rubin Pentland Group

He added that the administrators had experienced a great deal of interest in the company since they were appointed.

The man leading the consortium taking over the firm said it was pleased to take control.

"We are delighted that we have succeeded in keeping the iconic Hunter brand in British hands," said Mr Marland.

"Today's outcome is in the best interests of Hunter's loyal and supportive customer base.

"Hunter is an outstandingly strong British brand, and we will work with the management team and the employees to revitalise the fortunes of the business."

Pentland Group chairman Stephen Rubin also welcomed the deal.

"We are very happy to be supporting this acquisition," he said.

"Hunter has a terrific heritage as a British outdoor boot brand and we have no doubt that, with the help of the consortium, the management team can rebuild a successful business around it."