DEFA hopes new operator will be in place by the end of the year
The Department of Environment, Food and Agriculture says a number of formal bids have been submitted by firms to run the Island's meat plant.
It follows a tender process by the government department to identify a new private operator of the facility.
The site currently requires a government subvention in excess of £1.3million and there have been fears the plant could close.
In a statement, DEFA announced there are several offers on the table and hopes to appoint a new operator by the end of this year.
Fire and Rescue Service pays tribute to fallen colleagues in Oxfordshire
Updated flood maps designed to increase resilience
New changing places toilet opens at Noble's Hospital
Port Erin Commissioner resigns after nine years on the board