BWG back under Irish control

THE €390 million management buyout of food retail and distribution group BWG was formally completed yesterday, bringing the company back under Irish ownership.

The new owner, Triode Investments, is controlled by three of BWG’s executive directors — group chief executive Leo Crawford; group property director John Clohisey, and group finance director John O’Donnell.

The move is likely to herald an expansion of the Spar and Mace convenience store brands around the country.