A deal has been reached between the Quinn Group Resolution Corporation, several directors of which are former Quinn executives, and Aventas, which is responsible for managing many of the former Quinn group assets, regarding several companies linked to the manufacturing empire.
Former executives of the Quinn Group have secured a deal worth around EUR 100 million for several companies linked to the manufacturing group.
The deal was agreed between the Quinn Group Resolution Corporation, several directors of which are former Quinn executives, and Aventas, which is responsible for managing many of the former Quinn group assets.
Former Quinn group executives involved include former chief executive Liam McCaffrey, financial director Daragh O’Reilly and group development officer Kevin Lunney.
The size of the deal is thought to be just less than EUR 100 million.
Every company that was part of the Quinn manufacturing group in Cavan and Fermanagh, with the exception of the Quinn glass factory, is included in the deal.