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Construction News
24/11/2017
JRL Group Purchases McMullen Facades
JRL Group has purchased McMullen Facades, days after the company was placed into administration.
The Moira-based company went into administration earlier this week following the collapse of parent company Lakesmere at the start of November due to financial difficulties.
However, JRL Group has now stepped in to buy the contractor and secure all 270 jobs at the firm.
Peter Allen, Joint Administrator and partner at Deloitte, said: "We are delighted to have concluded the successful sale of McMullen, retaining all 270 jobs.
"We are delighted to have concluded the successful sale of McMullen, retaining all 270 jobs. McMullen remains a profitable business that unfortunately was affected by cash flow issues in the wider Lakesmere group. We wish it every success for the future."
A spokesman for JRL Group said: "The acquisition of McMullen gives us the capability to offer a ‘structure and envelope’ package. This will give clients a single point of contact to get a watertight building, whilst allowing savings on preliminaries, improved coordination, better programme and risk management benefits."
(LM/MH)
The Moira-based company went into administration earlier this week following the collapse of parent company Lakesmere at the start of November due to financial difficulties.
However, JRL Group has now stepped in to buy the contractor and secure all 270 jobs at the firm.
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Peter Allen, Joint Administrator and partner at Deloitte, said: "We are delighted to have concluded the successful sale of McMullen, retaining all 270 jobs.
"We are delighted to have concluded the successful sale of McMullen, retaining all 270 jobs. McMullen remains a profitable business that unfortunately was affected by cash flow issues in the wider Lakesmere group. We wish it every success for the future."
A spokesman for JRL Group said: "The acquisition of McMullen gives us the capability to offer a ‘structure and envelope’ package. This will give clients a single point of contact to get a watertight building, whilst allowing savings on preliminaries, improved coordination, better programme and risk management benefits."
(LM/MH)
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