Quinn owners set to invest another €10m this year

The three US-based investment funds which own the construction supplies and packaging divisions of the old Quinn Group are set to spend another €10m on the business this year in a bid to support its long-term growth.

Brigade Capital, Contrarian Capital and Silver Point Capital bought 80% of Quinn Industrial Holdings in 2014 and have jointly pumped around €20m into the business since then.

The three have given no indication of ending their investment and are set to oversee fresh capital expenditure of €10m this year. The group’s capital investment outlay amounted to €11.5m last year.