A few of the 98 jobs lost when Doncaster firm Norking Aluminium collapsed last month have been saved.
Administrators have sold elements of the business to three new management teams which will employ a total of 14 people.
APCO, which produces signage, has been sold to an entirely independent company with the creation of three jobs initially, set to expand as the business grows.
FOGA, which supplies a Swedish-based modular exhibition and display system, has been sold to FOGA System UK Limited, headed up by former Norking employee and FOGA division manager Martin Pearson. Seven staff will be employed short term, with the intention of further recruitment.
Mettech Fabrications Ltd, which will employ four staff initially, is a new venture to manufacture press metal work, aluminium and steel bracketry for the construction industry, and will be headed up by former employees Karl Vernon and Mark Evans.
All three companies, which will continue to operate from the Tickhill Road site in Balby, in the short term, hope to recruit further staff once fully operational.
The total value of the deal is undisclosed but includes goodwill, stock and equipment of the company. Norking had suffered cash flow problems as a result of a slump in the construction industry which it supplied, despite a healthy order book.
Insolvency practitioners at Wilson Field were appointed as administrators on April 4 and have worked to find a new future for the company after a proposed finance package fell through.
Wilson Field insolvency practitioner Lisa Hogg said: “At this very late stage, our aim was to seek new owners to take on the viable elements of the business.
“Every effort has been made to find a buyer for the company and to salvage three divisions of the business and their associated employment. Interest was shown by a number of parties before negotiations resulted in successful sales to different parties.”
Wilson Field said they liaised with directors, employees and their union Ucatt to find a way forward.