More than 100 jobs have been saved after a company that went into administration was sold.

PricewaterhouseCoopers has announced the sale of the business and assets of Watford-based DDD Limited to Dendron Brands Limited, a company controlled by Phoenix Labs Limited.

On Friday 28, 180 employees at DDD Ltd, a health and beauty manufacturer based in Rickmansworth Road, found out they had lost their jobs.

Mike Denny and Rob Lewis were appointed joint administrators of DDD Ltd on the same day.

Although there were nearly 200 redundancies, the administrators confirmed that 111 other jobs were being retained to support the joint administrators in their strategy.

A week later, Mr Denny, provided the following statement: "I’m delighted that we’ve managed to secure a sale of the remaining business, an outcome which preserves 111 jobs and ensures the continued supply of a number of important pharmaceutical and healthcare products.

"I would like to thank all employees and stakeholders for continuing to support the administrators during what has been a very difficult period for all affected, particularly those employees who were made redundant at the outset.

"Dendron Brands Limited, with the experience and backing of Phoenix Labs Limited, is well positioned to build on the many strengths of the DDD business to continue to manufacture and distribute high quality toiletry and pharmaceutical products to the market."

Dendron Brands Limited, based in Rickmansworth Road, is a separate company to Dendron Limited, also based in the same street, according to Companies House.

Dendron Limited and Fleet Laboratories are trading division of DDD.

Phoenix Labs Ltd is a registered company in Warrington in Cheshire, near Manchester.

DDD is a family-owned business, founded in 1912 and based in Watford.

It develops, manufactures and distributes a range of healthcare, beauty and pharmaceutical products both locally and internationally. DDD owns a number of brands including Astral, Dentinox and Snufflebabe, and also provides manufacturing and development services to third parties.

The administrators had been trading the business with a reduced workforce seeking a buyer for the business having made a number of redundancies immediately following their appointment.

Following his appointment last week, Mr Denny said: "DDD is a business with significant heritage that has struggled from a combination of internal and external factors over recent years.

"Given trading losses and an increasingly fragile cash position, the directors had been seeking investment into the business. That process was unsuccessful, and the directors had no option but to seek the appointment of administrators.

"Regrettably, it has been necessary to make a number of employees redundant. We will ensure that all possible support is made available to them at this difficult time.

"We continue to trade the business in the short term, whilst progressing a sale of the business. We would encourage any interested parties to get in contact."