Plant hire company Nixon Hire has purchased a former Hewden depot in Nottingham.
The deal saw the company acquiring the plant equipment and premises on Belgrave Road from midnight on 20 December.
Hewden entered into administration on 22 November, blaming Brexit for causing market uncertainty which affected large construction and capital investment project.
Managing Director, Graham Nixon, said the deal is part of the company's plans to expand its Depot Network further south.
"I'm delighted that we have been able to successfully negotiate taking ownership of this site and the associated equipment," he said.
"I'm also extremely pleased that we have been able to provide employment to staff left uncertain of the Depot's future following the collapse of Hewden. It was very important to us to retain the knowledgeable, experienced and local staff to help us take the business forward.
"Nottingham is a prime location for Nixon Hire and falls in line with our plans for expanding our Depot Network further south. I can confirm that this Depot will offer products from each of our divisions to include plant, accommodation, toilet and welfare facilities."
(LM/CD)
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