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Group may buy former Quinn Group's manufacturing operations

A group of businessmen from both sides of the border have clubbed together to buy the former Quinn Group's manufacturing operations from the receivers for around €500m (£412m).

The three businessmen have created a firm called Quinn Business Retention Company to buy the businesses of Aventas Manufacturing Group.

The men say they have backing from overseas finance houses, as well as the "moral" support of Sean Quinn.

Aventas, based in Derrylin, Co Fermanagh, is the owner of the former Quinn Group's glass, plastic, packaging and radiator manufacturers.

The two other businessmen leading the charge are Ernie Fisher, a former managing director of Fisher Engineering, and John (Bosco) O'Hagan, owner and managing director of the Specialist Joinery Group.

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