David Cockayne - a former winner of The Birmingham Post Business of the Year award - has secured the future of Kaybe Conveyors, saving all 22 jobs at the Tamworth-based conveyor equipment company.
The local businessman believes Kaybe will be the ideal platform to launch his innovative and patented conveyor product, Linkline.
Linkline is claimed to be one of the most advanced conveyor systems of its kind.
Mr Cockayne completed a £1 million management buyin deal to acquire Kaybe with financial support from the Co-operative Bank's Birmingham Corporate Banking Centre. He said: "I had been looking for a development opportunity for Linkline and was keen to progress quickly when I heard about Kaybe Conveyors from the bank.
"There is huge potential for growth here and everyone is very excited about the impact of my new product Linkline will have on the industry."
The Co-operative Bank's Birmingham Corporate Banking Centre manager Mike Gammon said: "We were introduced to David and quickly developed a rapport and good working relationship.
"He is a well established figure in Birmingham's business community and now, with the intellectual patent to Linkline, we have been convinced that David's new venture is set to soar."