Raymond Acheson
FIVEMILETOWN has been spared a further jobs blow with news that the holding company behind concrete business Acheson & Glover is to be bought out of administration.
Around 100 jobs look to have been saved as a result of this announcement, which comes not long after news that 50 jobs were to go at Fivemiletown Creamery.
A spokesman for Acheson & Glover Group Limited, a non-trading Holding Company that owns Acheson & Glover Limited and Acheson & Glover Precast Limited, confirmed it had been placed into administration on May 2.
He also confirmed joint administrators from BDO were in the process of completing the sale of trading subsidiaries to a new company owned by Raymond Acheson who has headed the business for more than 30 years and this would enable the trading businesses to continue as normal ‘without any impact on staff, suppliers or customers’.
In total the group employs 380 staff in total.
Acheson & Glover Precast Limited manufactures and supplies a range of concrete products for use in construction projects across the UK and Ireland. It employs 180 staff and has a turnover of around £16m.
Acheson & Glover Limited manufactures and sells a range of paving, walling and kerbing products to the commercial and consumer markets throughout the UK and Ireland. Its popular Outside Room concept has seen a large rise in consumer sales at a time when homeowners have been opting to improve their homes rather than move. It employs around 200 staff and has a turnover in excess of £16m.
In April, fears over jobs in Fivemiletown heightened when it was announced that Fivemiletown Creamery was for sale.
The creamery employs 50 people, and has been sold to Glanbia Ingredients Ireland.
It is expected to stay open until July when it is expected the creamery will finally close.
Sinn Fein Councillor Sheamus Green was pleased that the jobs were to be retained at Acheson & Glover, especially in light of what has happened at Fivemiletown Creamery.
“It’s a fairly big employer and it would have been a terrible blow to the locality if it had have went as well.
“It’s brilliant to see that it is being taken over and jobs are being secured locally.
“People are delighted especially after the troubles that there have been with the creamery.”
Acheson & Glover has locations at Dungannon, Ballygawley, Fivemiletown, Toome, Omagh, Carryduff, Belcoo, Newry and Magherafelt.
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