Menu
28/08/2007
Fisher Engineering Bought Over: Jobs Retained
A Fermanagh-based steel fabricator company is to be sold to a British firm for £90 million.
North Yorkshire company Severfield-Rown PLC has agreed to buy Fisher Engineering, which is owned by brothers Ernie and Ivan Fisher.
The company has also announced its 250 staff currently employed in Ballinamallard will be retained by the new owners.
Severfield-Rowan is expected to improve Fisher’s revenue and profit performance.
The Fisher’s are expected to be the biggest beneficiaries of the transaction, with a share of £60 million, according to reports from the Irish Times.
The company is viewed as one of the country's leading steel fabricators in Europe. It's projects include Belfast's Castle Court Shopping Centre, the Odyssey Arena and the Waterfront Hall.
The acquisition will cost Severfield-Rowen £23.5 million, including the assumption by the company of a term loan of around £8.6 million, of which £14.9 million will be in cash.
(JM/SP)
North Yorkshire company Severfield-Rown PLC has agreed to buy Fisher Engineering, which is owned by brothers Ernie and Ivan Fisher.
The company has also announced its 250 staff currently employed in Ballinamallard will be retained by the new owners.
Severfield-Rowan is expected to improve Fisher’s revenue and profit performance.
The Fisher’s are expected to be the biggest beneficiaries of the transaction, with a share of £60 million, according to reports from the Irish Times.
The company is viewed as one of the country's leading steel fabricators in Europe. It's projects include Belfast's Castle Court Shopping Centre, the Odyssey Arena and the Waterfront Hall.
The acquisition will cost Severfield-Rowen £23.5 million, including the assumption by the company of a term loan of around £8.6 million, of which £14.9 million will be in cash.
(JM/SP)
Related Northern Ireland News Stories
Click here for the latest headlines.
19 March 2024
Full Line Up Revealed For Mums At Work Event
Inspiring business women from across Northern Ireland are set to speak at Mums At Work CIC's Elevate Your Business event, happening later this month. The event aims to uphold the vision of its late founder, Sinead Norton, by providing a supportive and nurturing environment for women in business.
Full Line Up Revealed For Mums At Work Event
Inspiring business women from across Northern Ireland are set to speak at Mums At Work CIC's Elevate Your Business event, happening later this month. The event aims to uphold the vision of its late founder, Sinead Norton, by providing a supportive and nurturing environment for women in business.
27 March 2024
Man Wanted In Lithuania Arrested In Magherafelt
The PSNI have arrested a 23-year-old man in Magherafelt wanted in Lithuania to face charges of human trafficking. The man was arrested by officers from the Police Service's local policing team in Magherafelt, with assistance from the International Policing Unit. He is expected appear before extradition court in Belfast later today.
Man Wanted In Lithuania Arrested In Magherafelt
The PSNI have arrested a 23-year-old man in Magherafelt wanted in Lithuania to face charges of human trafficking. The man was arrested by officers from the Police Service's local policing team in Magherafelt, with assistance from the International Policing Unit. He is expected appear before extradition court in Belfast later today.
21 March 2024
38,000 Expected To Support Big Spring Clean Initiative
Live Here Love Here, Northern Ireland's community and civic pride campaign, has announced the return of the region's largest volunteer clean-up campaign, Big Spring Clean, which saw over 38,000 volunteers take part in diverse clean-up activities in 2023.
38,000 Expected To Support Big Spring Clean Initiative
Live Here Love Here, Northern Ireland's community and civic pride campaign, has announced the return of the region's largest volunteer clean-up campaign, Big Spring Clean, which saw over 38,000 volunteers take part in diverse clean-up activities in 2023.
14 February 2024
Former City Centre Police Station To Become New 74-Bedroom Hotel
A former police station in Belfast city centre is to be redeveloped for a new 74-bedroom hotel. Belfast City Council's Planning Committee approved the development on Queen Street, along with granting Listed Building Consent to bring the building into use again.
Former City Centre Police Station To Become New 74-Bedroom Hotel
A former police station in Belfast city centre is to be redeveloped for a new 74-bedroom hotel. Belfast City Council's Planning Committee approved the development on Queen Street, along with granting Listed Building Consent to bring the building into use again.
17 January 2024
People Urged To 'Keep Themselves Safe' This Thursday
People across Northern Ireland have been urged to "keep themselves safe" on Thursday, with snow and ice forecast and widespread disruption to public services anticipated as a result of strike action.
People Urged To 'Keep Themselves Safe' This Thursday
People across Northern Ireland have been urged to "keep themselves safe" on Thursday, with snow and ice forecast and widespread disruption to public services anticipated as a result of strike action.
-
Northern Ireland WeatherThis Evening and Tonight:A fine end to the day with some sunshine, then clear spells overnight. Low cloud could form around some Irish Sea coasts later in the night, or a few fog patches in prone spots.. Minimum temperature 9 °C.
