Suir Pharma Ireland has been sold to Slovakian group Saneca Pharmaceuticals, securing 150 jobs. The Clonmel-based firm was sold by Munich restructuring company Mutares for an undisclosed amount.
Management said the sale was positive news, meaning the company now has a strategic owner in the pharmaceutical industry.
Suir Pharma makes generic drugs for pharmaceutical companies on an outsourced basis. It makes more than 40 different pharmaceuticals including paracetamol and ulcer drugs.
The firm has gone through several owners. Founded in the early 1970s, it operated at first as part of Clonmel Healthcare. It joined Stada when the German business acquired Clonmel, becoming one of 15 manufacturing hubs for Stada before its sale to Mutares.
PR role for O Neachtain
Former government press secretary Eoghan O Neachtain has taken up a new position in the public relations sector.
O Neachtain, who worked for three Taoisigh, has been appointed to the position of director of public affairs at Heneghan PR.
The Galway native is former head of communications with the Defence Forces, where he held the rank of commandant, and joins from ERVIA where he spent the last three years as group head of public affairs.
O Neachtain served as press secretary to former Taoisigh Bertie Ahern and Brian Cowen in the Fianna Fail-led government from 2007 to 2011. But he was then asked to stay on in the position by Taoiseach Enda Kenny for the opening months of the Fine Gael-Labour Party Coalition in 2011, which included the visit of Queen Elizabeth II and US President Barack Obama.
Sunday Indo Business