Two Black Country steel companies - one of which is more than 400 years old - have been bought out of administration, saving 50 jobs.
D&J Steels is a specialist steel stockholding business serving the engineering, forging, fabrication, oil and gas sectors since 1970.
Bromford Iron & Steel, which can trace its roots back to 1610, is a producer of hot rolled flats, sections and custom profiles supplied worldwide.
The sister companies, which are both based in Bromford Lane, Oldbury, hit financial problems as a result of steel price volatility and high energy costs.
Mike Denny and Matthew Hammond of PwC were appointed as joint administrators of D&J Steels on September 11 and Bromford Iron & Steel 12 days later but have now sold the companies in two separate transactions.
D&J Steels has been acquired by Bradford-based Barrett Steel and Bromford has been bought by a private investor.
Mr Denny said: "We're delighted to have achieved going concern sales for both businesses during a challenging time for the steel industry.
"The sales have preserved all jobs within the businesses, and will minimise disruption to key customers.
"Both D&J and Bromford had faced financial difficulties due to a combination of steel price volatility and high energy costs, which were compounded by the withdrawal of credit insurance.
"We're pleased with the outcome achieved, which ensures the long history of steel processing on this site spanning over 400 years continues."
