Joint administrators of B. Riley and Sons have confirmed the sale of the business and key assets to Dale Valley Rossendale on June 29, 2016.
The business, which employed 131 people, ceased trading in December 2015 after experiencing significant cashflow difficulties which resulted in all members of staff being made redundant.
Paul Flint, associate partner at KPMG and joint administrator, said: "B Riley & Sons was one of the largest independent abattoir and meat processing businesses in the North of England, and a major supplier of lamb to the European market.
"We are therefore delighted to have been able to conclude this complex sale following a six month marketing and negotiation period, and particularly in light of the events of the last seven days."
The business which held BRC accreditation focused primarily on sheep throughput for the Halal wholesale market in the UK and EU, but also had beef capabilities.
The premises consisted of an abattoir facility which was extended and fully renovated in October 2014 to enable throughput to increase to 12,000 sheep per week; a farm comprising three freehold dwellings; a butchers shop; and an additional 60 acres of agricultural land.
The agreement sees Dale Valley Rossendale acquire seven properties, including an abattoir in Dunnockshaw near Burnley and other assets including plant and machinery.