Welcome development for Flair International in Bailieborough

I am delighted to have been informed by Minister Richard Bruton that up to 40 jobs are to be retained at Flair International in Bailieborough. The High Court appointed a provisional liquidator to Flair International on 6 June last. The assets, goodwill and undertaking of the business were advertised for sale on 8 June. However, one of the powers given by the Court to the liquidator was to grant a license to continue to trade in the short term. A license agreement was concluded between the liquidator and a new company on 7 June.

The Minister informed me that ‘The provisional liquidator has now sold the assets and business of Flair to FLBM Ltd. This was completed and approved by the High Court on Friday 15 June last. Sales had commenced on 8 June under the short term licence. It will take some time to ramp up the whole operation and it is hoped that manufacturing will re-commence in the next few weeks. It is expected that the employment level required to support the operation will be circa 40 people. Enterprise Ireland is continuing to liaise with the business concerned and will offer any assistance possible that it can to explore opportunities to develop the business. The agency has offered to meet the new owners and they will revert to Enterprise Ireland when they are ready to do so’.

This is good news for all concerned and it is welcome to hear that Enterprise Ireland are also going to actively support the new owners.

Senator Joe O'Reilly representing Cavan & Monaghan 2010. | An ExSite website