Precast concrete firm Bell & Webster has been sold on.
The firm, which has a plant on the Alma Park Industrial Estate in Grantham, has been bought by FP McCann, after three days in administration.
According to administrators John Alexander and John Dickinson of accountants Carter Backer Winter, the sale was confirmed on January 9, having gone into administration on January 6.
Mr Alexander said: “We were pleased to be able to conclude the sale to FP McCann ensuring that the business can continue.”
According to its latest published accounts, Bell & Webster had a turnover of £4.2m for the year ending December 31, 2012.
The business, formerly owned by Eleco, employed about 50 staff and two directors in Grantham before going into administration.