Jobs secured at Moira construction firm
- 6 December 2012
- From the section Northern Ireland
All 129 posts at a construction firm in Moira, County Down, that went into administration have been secured, the administrators have said.
McMullen Architectural Systems went into administration on Wednesday, but has now been sold to an English firm.
Stephen Cave from administrators PwC said they were called in at the request of the firms directors.
He said that the downturn in the construction industry had hit the firm hard.
"Falling demand, increased pressure on margins, investments in foreign markets and the general downturn in construction have collectively led to the directors' decision to appoint administrators," he said.
"Unfortunately the appointment will come as another set back to the already embattled construction supply chain both in Northern Ireland and further afield.
"However, despite this, I am pleased to announce we have been able to sell the trade and assets of the business, which will seek to secure 129 jobs and the continuation of the McMullen business under new ownership."
McMullen operates in the design, fabrication and installation of aluminium curtain wall and window systems for medium and large scale building projects across the UK.
Operating for over 40 years the firm had been involved in a number of landmark developments including Belfast properties, the Boat and the Obel.
It has been sold to Lakesmere Limited, a leading operator in the roofing and cladding sector of the construction industry based in Winchester.
Lakesmere also has operations Warrington and Glasgow and operates throughout the Middle East from its international head office in Abu Dhabi.