Twelve jobs have been saved in Tullamore with the news that the Brooks Group has been sold.
The store in Cloncollig will remain open on foot of the news, meaning its’ dozen employees will keep their jobs.
Kieran Wallace of KPMG, the High Court appointed Liquidator of the BHT Group announced that the Brooks Group, the largest timber distributor in the Republic of Ireland, has emerged from insolvency proceedings following a trade sale to one of the UK’s leading independent timber importers and distributors for an undisclosed sum.
The transaction secures the future of the Brooks brand and the employment of 60 people. As well as the Tullamore store Brooks will continue to conduct its operations in Sandyford, Bluebell/Naas Road, Togher (Cork), Galway and Sligo.
Commenting Kieran Wallace said: “We are pleased to announce the successful sale of the Brooks business to what is a very successful operator in the timber and building materials sector. It’s even more satisfying that the sale secures both the Brooks brand and importantly, 60 jobs. We wish both operations every success for the future.”
Thanking staff, management, suppliers and customers for their support during the insolvency process, Mark Lohan, Managing Director of Brooks said: “Our new owners are timber people and understand the business. Together, we look forward to rejuvenating the Brooks brand and will continue to place an emphasis on quality and customer service in the delivery of timber and timber-based products and the entire range of building materials.”