Flambards is under new ownership today after being bought from the administrators.
The Helston-based theme park has been on the market since May and was put into administration on Friday.
It has been acquired, for an undisclosed sum, by Livingstone Leisure, which is headed by industry professional Ian Cunningham.
He said: “We’re delighted to be able to officially announce the acquisition of Flambards.
“Great leisure opportunities are hard to find and so we’re very excited to have been able to acquire such a fantastic park with so much opportunity.
“Our aim is to develop the park and museums and to invest in the good work of the last few years.”
Prior to setting up Livingstone Leisure with business partner Michael Enright in 2010, Cunningham was the UK managing director of Spain-based Aspro Ocio.
He also co-founded Blue Reef Leisure Ltd which owned and operated four aquariums in the UK and was operations director at the Eden Project.
He added: “Michael and I decided to set up Livingstone Leisure Ltd after identifying opportunities in the visitor attraction sector.
“Flambards is the second attraction in what we plan will be a series of new acquisitions over the coming years. We are currently in negotiations with a number of other leisure-based businesses.”
Flambards will be refurbished over the winter and is set to re-open for Easter. The One to Eleven play centre, which shares the site, is open, as usual, throughout the year.