Essex distributor Gem has purchased Trilogy's IP and assets following the Northampton firm's fall into administration – saving 40 jobs in the process.
Gem has picked up the brands from the company who previously worked with IMC Toys and Infantino – as well as its main office and distribution facility in Northampton.
Gem MD Chris Peacock told MCV: "We're delighted with the deal. We've always had great respect for Trilogy's business and we're very happy they're now part of Gem.
"We plan to keep the Trilogy brand going as a subsidiary – and we're particularly pleased to acquire its distribution facility in Northampton.
"We've been looking to purchase a faility in the south for some time - to complement our existing base in Lancashire - and this is the perfect solution."
Trilogy held exclusive distribution agreements with the likes of 505 Games and City Interactive before it collapsed. Ubisoft withdrew from its exclusive agreement with the firm shortly before it fell into administration.
Peacock said that Gem was hopeful of rekindling these deals in future.
"Sadly, we can't buy these exclusive deals as part of the assets," he added. "But we'll continue to work with Trilogy's former excluive partners until Christmas - and then sit down with them and see what we can work out."
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