The purchase of Blackburn-based SG Aluminium has saved 34 jobs after the window and curtain wall fabricator and installer hit financial difficulties.
The £4.5m-turnover company has been bought by Three Towers Group, neighbours on the Shadsworth Business Park in Blackburn.
Recent projects completed by SG Aluminium include Accrington Bus Station and Blackburn’s Cathedral Quarter.
The deal means 34 staff will be kept on and two existing directors remain on the board.
The company said: “The directors of Three Towers Group bring decades of experience within specialist subcontract trades, together with all the resources required to stabilise and grow the business.
“SG Aluminium Limited will utilise its increased resource base to grow sales and create even stronger trading links with both its supplier and customer base whilst maintaining steady and sustainable growth.”
Pierce Corporate Finance advised the company on the deal with legal support being provided by Napthens.