Eight former Quinn Group executives join forces to buy assets of remaining business

A business consortium headed by former Quinn Group executives is set to acquire certain assets of the remaining business.

It was yesterday announced that Quinn Business Retention Company (QBRC) — in partnership with Endless LLP, a UK private equity specialist — has signed a memorandum of understanding with the renamed Quinn Group of businesses, Aventas.

It relates to the planned sale of the group’s packaging and construction industry supplies divisions, located mainly in Derrylin, Co Fermanagh, and Ballyconnell, Co Cavan.