Pretium Packaging, owned by Clearlake Capital, filed for Chapter 11 bankruptcy in the US but the company says its 100-plus staff in Cavan are not affected by the restructuring.
Oisin Hanrahan’s tech firm, which makes AI tools for the consumer-packaged goods sector, is opening an Irish base and has appointed the former MD of Fulfil to lead the expansion.
The company’s total funding now stands at $68m. It is planning to roll out an expanded AI-based product for manufacturers to manage their businesses.
Eastcoast Bakehouse has secured €5m in new equity funding, and closed a debt refinance. The lateness of their filing was the subject of media reports but what do they reveal about the business?
The farmer-owned dairy processor is one of Ireland’s most profitable, despite its relatively small scale. Its CEO and CFO explain why it has no plans for consolidation nor for an IPO.
Patrick McGee, author of Apple in China, explains how Apple rooted its manufacturing in China - and what it meant for the company and geopolitics, as well as how an Irishman played a crucial role.
Wellman International has been in operation for over 50 years and employs over 200 staff but after a “pattern” of loss making, its parent company is no longer prepared to sustain it.
Having spent most of the past 20 years in China, furniture designer Frank Carroll saw his company Alfrank Designs face insolvency last year. Aged 71, he was asked: “Do you still want to do it?”
The furniture company’s founding shareholder Frank Carroll was also its main creditor when it entered examinership last autumn. This is how he kept control of the business.
The Waterford medtech company has brought on a new investor in US firm Five Arrows and is eyeing a major R&D and manufacturing expansion stateside.
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