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Quinn-linked company is set to launch hiring drive

By Margaret Canning

Published 28/07/2015

Former billionaire Sean Quinn
Former billionaire Sean Quinn

A Fermanagh-owned company which emerged from the ashes of the empire of Sean Quinn has launched an apprentice and graduate scheme in a signal of confidence in the future.

Quinn Industrial Holdings in Derrylin was formed last year after buying construction and packaging businesses Aventas, a company established by Irish Bank Resolution Corporation - formerly known as Anglo Irish Bank.

Once Ireland's richest man, Sean Quinn lost control of his businesses to the former Anglo Irish Bank during the economic downturn.

But a consortium of businesspeople from the border area united to buy back some of the business and return it to local ownership.

The new business today announced it had held an opening night which attracted around 150 young people, as it starts its bid to fill eight graduate positions and seven apprenticeships.

Chief operations officer Kevin Lunney said the hiring drive reflected the positive mood of the company since it was formed.

"We are committed to the long term future of this business. We are keen to grow and develop key local talent who will be the future managers of QIHL in years to come, provided they are keen to work hard and achieve. Since we established the company in late 2014, we have seen strong growth and positive engagement with staff and customers, and we expect to see more growth in the coming months and years.

"As such we have revamped and developed our continuing education programmes, offering an extended range of excellent graduate and apprenticeship opportunities."

Opportunities are now available for graduates in engineering, accounting and finance, architecture and building science, and other fields of the business.

Mr Tunney added: "The interest at our open night was breath-taking and is a real example of the positive mood of the management and staff, since we re-established the company in late 2014."

Liam Caffrey, a former chief executive of the Quinn Group, returned to the company with former Quinn director Dara O'Reilly, and Mr Lunney, after their €90m purchase last year.

The business' manufacturing facilities are in Fermanagh and Cavan with a distribution facility in Rochester, Kent which handles bulk cement export to the UK. Quinn Packaging is one of the biggest food packaging manufacturers in Ireland and the UK.

Quinn Industrial Holdings is backed by three US based private equity funds.

Aventas' ownership of the Quinn-related business was scarred by acts of sabotage against the company and Anglo Irish Bank/Irish Resolution Banking Corporation, which was regarded as having treated Quinn unfairly by ousting him and his family from the company. Mr Quinn had been tipped to act as an advisor in the new company.

The remainder of his empire has been sold on to various other owners.

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