The deal will save 129 jobs at McMullen’s manufacturing base just outside Belfast where it designed and fabricated aluminium cladding and curtain walling window systems for medium and large scale building projects across the UK.
These have include the Media City in Salford and several major office schemes in London.
Winchester-based Lakesmere also has operations in Warrington and Glasgow and his built up a strong portfolio of work in the Middle East from its international head office in Abu Dhabi.
Stephen Cave from administrators PwC said: “Falling demand, increased pressure on margins, investments in foreign markets and the general downturn in construction have collectively led to the directors’ decision to appoint administrators.
“Unfortunately the appointment will come as another set back to the already embattled construction supply chain both in Northern Ireland and further afield.
“However, despite this, I am pleased to announce we have been able to sell the trade and assets of the business, which will seek to secure 129 jobs and the continuation of the McMullen business under new ownership.”