Saturday 18 November 2017

Waterford Crystal site to be put up for sale

Louisa Fahy

Administrators to Waterford Wedgwood plan to sell the company’s crystal manufacturing plant, a year after the crystal maker went into receivership.

The sale of the 36-acre site in Kilbarry will be handled by Savills estate agents in Cork, a spokesman for Deloitte LLP said today by phone.

Deloitte sold the rest of the business to KPS Capital Partners LP in March, after taking control of the company on January 2009.

Reports today suggested the Kilbarry site is likely to be sold for €10m to €20m and at least one overseas buyer is said to be interested in bidding for the plant.

Bloomberg

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