Plastics business Athlone Extrusions is now up for sale, according to a report last weekend in the Sunday Independent.
The report noted that the owners are currently in talks to sell the company to a European buyer.
Athlone Extrusions was established in 1971. Since then the company has had an impressive growth record. This has been achieved through continuous investment in the production facility to expand capacity and improve efficiency through technical innovation.
It was floated on the Irish Stock Exchange in the late 1990s before being bought by the Barlo group. Quinn later bought Barlo and then Athlone’s management bought the business from Quinn in 2004 for a reported €55m.
Athlone Extrusions has sales offices in Ireland, England, and the Netherlands and exports to more than 40 countries worldwide.