The prepack deal handled by receiver RSM Tenon saves around 40 jobs and sees the company trading as Tayban Concrete Products 2010.
The £4m turnover Bolton firm has been supplying the industry with concrete beams, wide floor slabs and special bespoke staircases since 1995.
John Crotty, Tayban sales manager, said: “We now have the backing of a strong company and are looking forward to growing the business.
“We’ve already signed two big orders with Thomas Barnes and Bramall Construction, which gets us back and running.”
Tayban joins ACP Concrete and Collier and Henry in Thomas Armstrong’s line up of concrete businesses.