Unique Metal Works is set to double in size after striking a deal with the administrators of RCR Tomlinson to purchase its laser business, which employs about 200 people.
RCR Laser is the third business unit to be sold since RCR Tomlinson was placed in the hands of administrators from McGrathNicol.
Partner Jamie Harris said the sale would allow the business to continue servicing its existing customers.
“The combination with a reputable family business in Unique Metal Works is a good fit for RCR Laser,” Mr Harris said.
“The transaction connects one of Australia’s largest quality certified laser cutting businesses with one of Australia’s most innovative manufacturers in high quality sheet metals products.”
RCR Laser general manager Michael Tayler said the sale would secure the jobs of some 200 people.
The group has several divisions, including Airqvent, which manufactures industrial fans and HVAC products, Unique Metals Laser, which produces metal art, along with electrical contractor Mainswest, steel frame producer Smart Steel and manufacturer Denmac.
McGrathNicol has previously sold RCR O'Donnell Griffin's rail business to John Holland and RCR's energy services business to The Environmental Group.