Sandfields Farms produces and packs products such as asparagus, salad onions, garden peas, and beans. The Vale of Evesham-based firm has bought Simms & Woods' Evesham packhouse from administrators KPMG.
Sandfields managing director Derek Wilkinson said: "We are pleased to have been able to secure this high-quality packhouse site, which will enable us to develop and expand our business.
"We fully expect the demand for our products to continue to grow as consumers move to healthier diets. Furthermore, this efficient facility will support our production so we are better placed to compete in world markets."
More than 100 people lost their jobs when Simms & Woods collapsed earlier this year. Some of these workers could be re-employed by Sandfields Farms when it opens its new factory.
Wilkinson said: "Over the past few weeks Simms & Woods' supermarket customers have moved their business to other produce companies throughout the UK, so it is likely that the factory site will not be in production immediately until we have assessed the potential opportunities.
"Employees from Simms & Woods are encouraged to apply for any vacancies as they arise, in the normal course of our seasonal activities, in our existing sites."