Monday 19 November 2018

Frank Cruess Callaghan

FRANK Cruess Callaghan was 70 last Monday. Last night, he held a splendid party at his house in the West of Ireland, where his daughter Suzie announced her engagement to Roderick Power of Dungarvan. The invitation list included his sister, Carmencita (Hederman), who once commented that he "always liked to be the top dog". And for a long number of years in the cast-iron coo

MARTIN FITZPATRICK

FRANK Cruess Callaghan was 70 last Monday. Last night, he held a splendid party at his house in the West of Ireland, where his daughter Suzie announced her engagement to Roderick Power of Dungarvan. The invitation list included his sister, Carmencita (Hederman), who once commented that he "always liked to be the top dog". And for a long number of years in the cast-iron cooker business in Ireland, he was.

The company he took over, Waterford Stanley, became dominant in the business. It's a few years since he sold up, but he is home this weekend for the birthday and possibly a hand or two of cards.

Frank Cruess Callaghan hit the business pages at the end of the Seventies when he bought the Wexford farm machinery outfit, Pierces. Within a year he made the big push into cast iron cookers by buying the failed Waterford Ironfounders from the receiver. Another Irish engineering firm, Springs, got into trouble later so he and partner Owen Conway bought that too.

Cruess Callaghan's skill was to utilise all three companies in the support of Waterford Stanley and invest the profits in the development work needed to keep pace with the market changes.

Following his sale of the firm, he retired to Italy for a while. But his instinct for gambling, which was so much a part of the success at Waterford Stanley, still manifests itself at the poker tables. Since retiring he has played cards in Vienna, Paris, Prague, the US, Australia and elsewhere.

Frank was recently granted planning permission to develop 40 units on the grounds of the old family homestead, Ferndene, in Blackrock. His father George, the property developer who owned the land, would have been proud.

Business Newsletter

Read the leading stories from the world of Business.

Also in Business