The new operation is being led by Jason Churcher, former sales and proposals director of Rowecord Engineering and will chase stadium, healthcare, and commercial work.

His team also consists of Paul Benwell, ex-Rowecord technical director and a dozen engineers, estimators and technical staff from the Newport steelwork contractor, which collapsed with debts of £24m.

Mabey Structures aims to fill the gap left by Rowecord, which delivered the Cardiff City Stadium and the Aquatics Centre at the London Olympics.

Jason Churcher, sales director of Steel Structures, said: “The new business builds on Mabey Bridge’s growing portfolio of business sectors which include infrastructure for road and rail, wind turbines towers and international bridging.

“The magnitude of the Mabey Bridge business is greater than that of Rowecord Engineering.

“The team and I are very excited that we will be able to continue delivering iconic structures from Mabey Bridge. We are able to offer the same levels of service and support that we are used to delivering, but with the benefit of the added resources available here.”

The new Mabey Structures business is based at the group’s Newhouse facility on the outskirts of Chepstow in a £38m factory was opened in 2011.