Liquidator Myles Kirby was first appointed to the bottled water company on the 31st of July by the High Court and a buyer for the business, which continued to trade, was sought. There were over 40 expressions of interest in the business and initial enquiries were encouraging however as of an extended deadline on Wednesday the liquidator had not received a satisfactory offer.
The 30 staff were informed of the decision to cease trading from close of business today and Mr Kirby says he is working with employees to ensure their redundancy and other entitlements are paid as quickly as possible. The entire plant, brand, machinery, vehicles, stock and other assets is now to be offered for sale through McKay Asset Valuers and Auctioneers with the tender for the sale scheduled for October 23rd. This offers one final opportunity for interested parties to buy the plant.
In a statement Údarás na Gaeltachta said it is disappointed that efforts made to safeguard the company’s future were unsuccessful and regrets the consequences this will have for staff. Údarás owns the factory in which Sliabh Bhreandain Teo was based and the agency says it will be refocusing its efforts in the months ahead to attract new investment and employment opportunities to the area.
The well-known bottled water company sourced natural mineral water from its well in west Kerry.