Owner describes Waterford plant as ‘a dinosaur’

THE co-founder of the company which now owns troubled Waterford Wedgwood has described the Waterford factory as “a dinosaur manufacturing plant”.

Owner describes Waterford plant as ‘a dinosaur’
Fri, 27 Mar, 2009 - 00:00

Michael Psaros, co-founder of KPS Capital Partners, made the comments in the Financial Times while outlining his future plans for the company.

The news comes after the receiver of Waterford Wedgwood Plc and the Joint Administrators of Waterford Wedgwood UK Plc yesterday confirmed the sale of both the Irish and the British businesses.

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CourtsPlace: New YorkPlace: IrelandPlace: Waterford Crystal Kilbarry plantPlace: KilbarryPerson: Michael PsarosPerson: PsarosPerson: David CarsonOrganisation: Waterford WedgwoodOrganisation: KPS Capital PartnersOrganisation: Waterford Wedgwood plcOrganisation: Waterford Wedgwood UK plcOrganisation: KPS Capital Partners LPOrganisation: WWRD Holdings LtdOrganisation: KPSOrganisation: Financial TimesOrganisation: Waterford CrystalOrganisation: Deloitte
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