The former owners of Cains brewery in Liverpool have bought it back, securing 90 jobs.
Brothers Sudarghara and Ajmail Dusanj finalised the deal, which includes nine Cains Beer Company pubs, administrators PricewaterhouseCoopers (PWC) said.
The 158-year-old brewery went into administration in August.
A spokesman for Cains said: "They (the Dusanj brothers) are focused on getting back into the driving seat of the brewery."
"They are working closely with the team there and are focused on building the Cains business in the coming weeks and months," he said.
"The good news is that the jobs have been secured and the future of brewing on Merseyside is also secure."
A spokeswoman for PWC said she was unable to disclose the value of the deal and there were 42 Cains Beer Company pubs left to be sold.
The business has been bought as a going concern.
Cains brewery has been brewing beer in the city since 1850.
The Dusanj brothers took over the Robert Cain & Co brewery in July 2002.