€23.5m bonanza from Pilton sale

A DUBLIN family who founded a DVD and video games distributor are €23.5 million richer after selling the company to DCC.

Nicholas Furlong, a 57-year-old businessman living in Killiney, and family are the biggest beneficiaries of the sale of their company Pilton. And they could earn a further €20 million over the next three years if the company meets certain profit targets.

Mr Furlong, an accountant by training, will remain on as managing director of the Pilton. Other directors of the company include Peter O'Grady Walsh, the former Paddy Power finance director who launched an audacious takeover bid for Arnotts three years ago.