EJB, the UK arm of the Danish manufacturing business, went into administration earlier this month.
The firm supplies bathrooms to student accommodation and hotels from its manufacturing plant in Northumberland and is currently working on a contract to supply bathrooms at the Olympic Village development in London.
Galliford Try’s subsidiary Continental Shelf 515 bought the business for an undisclosed sum and said it hoped to get the factory back on track. One of several options being explored is further investment at the factory site.
The deal is good news for the Olympic Village project where another bathroom pod maker Abederdeen based RB Farquhar fell into adminstration earlier this month.
Sean Hamilton, director and head of business recovery at PwC in Newcastle, said: “We are delighted to have completed the sale of the business and assets of EJB, including the transfer of 91 employees at the production facility in Cramlington.
“I would like to take this opportunity to thank the employees and suppliers who have worked with us during the administration as it is only with their ongoing support and assistance that we have been able to reach this successful conclusion.”