Parent company T.Baden Hardstaff Limited went into administration last month with the loss of 180 jobs.
The barriers part of the business was not placed in administration and has now been acquired by a management team led by its former General Manager, Mark Lord, who now becomes Managing Director.
Lord has been successfully running the business for over 20 years and will now lead a new Board of Directors as the business becomes a standalone entity.
Hardstaff specialises in temporary concrete safety barriers which protect workers on highways sites.
Lord said: “We wish to thank all our customers and suppliers for their support in recent weeks, and look forward to further building on our hitherto mutually beneficial relationships.
“It is ‘business as usual’ and we intend to deliver the same high standards of service that have always been associated with the company.”