Glazing company on brink of closure

One of the country’s oldest glazing firms which employs 84 people was on the brink of closure last night after a last-minute takeover deal collapsed.

Waters Munster Glass, the WMG Group Limited, based at the City North Business Park, in Churchfield, on the northside of Cork city, has been in receivership since Feb 1.

But staff were told yesterday that talks with a potential investor collapsed last Friday after negotiations with a bank.