One of three local subsidiaries of the failed Australian company RCR Tomlinson has been sold.
The voluntary administrators from McGrathNicol have sold the door-making business, Metalbilt and Danks, to Australian owned building facilities company, ARA Group.
The sale, for an undisclosed price, preserves about 60 jobs.
"It is great that the business can continue uninterrupted and that staff have security," Geoff Willis, Metalbilt's general manager said.
Two other New Zealand subsidiaries in the RCR group, including one involved in design work for the rail project, are still up for sale.
All the New Zealand businesses were reported to be trading profitably when their parent failed.
RCR Tomlinson was in line for a major contract in Auckland's City Rail Loop until it collapsed late last November.