The company ran up large debts after buying up brands including Homepride and Fray Bentos.

BBC: Premier Foods sells Robertson's and Hartley's for ?200m

The company had already been struggling with debts, racked up after buying brands such as Homepride and Fray Bentos.

BBC: Premier Foods pushed into loss by Hovis

The company, the UK's largest food manufacturer, ran up large debts after buying up brands including Homepride and Fray Bentos.

BBC: Premier Foods sells Sarson's and Haywards for ?41m

The pulp mill, which opened in 2007, is located in the Uruguayan town of Fray Bentos on the banks of the River Uruguay which forms the border between the two South American nations.

BBC: Paper mill in Uruguay - file photo