Steelwork contractor Billington Holdings has purchased a new factory in south Yorkshire.
The firm has acquired two large industrial buildings, along with all on-site steel processing equipment and machinery, in Shafton.
The site was previously owned by Sherling Steel.
With a combined usable area of 181,000 sq ft, the deal is the largest investment made in Billington's history.
CEO Mark Smith said: "It is an exciting period of change for Billington and one that the Directors believe will further strengthen the company's market position through increased capabilities, capacity and product offerings."
He added there will be a period of transition to enable a suitable workforce to be recruited.
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