COMPANY NEWS
NEW BRAND “MANNOK” SIGNIFIES STRENGTH AND COMMITMENT AS COMPANY’S EARNINGS INCREASE FOR FIFTH CONSECUTIVE YEAR... Quinn rebrands asMannok
“M annok” is the new identity for Quinn Industrial Holdings, which the company’s familiar brands “Quinn Building Products” and “Quinn Packaging” will transition to in the coming weeks. The rebrand announcement also revealed details of the company’s strong 2019 financial results, which show it to be in the strongest position since its acquisition in 2014, with a fifth consecutive year of increased earnings (EBITDA). Rebranding to Mannok marks the culmination of a five-year transformation and investment programme that has repositioned the business as a provider of increasingly sophisticated and sustainable building and packaging solutions, supporting an increase in sales of over 30% during the period. The name derives from Fear Manach, the origin of ‘Fermanagh’, reflecting the company’s pride in their roots in the Fermanagh and Cavan region, and their commitment to the people and communities, which are the lifeblood of the organisation’s success. The new identity resonates well with domestic and international stakeholders, an important consideration given the company’s increasing export focus. 2019 PERFORMANCE RESULTS An overview of Quinn Industrial Holdings’ operating performance for the 12 months ended 31 December 2019 shows another increase in earnings to €26.6m, with an investment increase to €11.5m. This marks the fifth successive year of increased earnings and shows a robust performance despite the challenges of Brexit and price decreases in certain markets. Quinn Building Products and Quinn Packaging, invested €11.5m during 2019, which included fleet and mobile plant replenishment, as well as investment in fixed plant augmentation projects expected to yield significant profitability over the years ahead. Speaking of the new brand and 2019 performance, the company’s CEO, Liam McCaffrey, said, “Our business is now in the strongest position since its acquisition
All change: Quinn rebrands as Mannock
“Mannok is an appropriate andmuchmore expansive brandproposition that reflectswhat our customers value most – a professional one-stop-shop for building and packaging solutions and the support of exceptional staff.”
in 2014 and Mannok is an appropriate and much more expansive brand proposition that reflects what our customers value most – a professional one-stop-shop for building and packaging solutions and the support of exceptional staff. They can certainly expect a lot more of that same quality offering we’ve become synonymous with, but “more of the same” does not mean we’ll stand still, as we will continue to focus on developing and innovating with market leading, sustainable solutions. “Post year-end and the emergence of Covid-19, the health and safety of our staff and customers has been our key priority and we have taken extensive measures to mitigate risk and support the national fight against the pandemic … We are very grateful for and acknowledge our staff support, forbearance and commitment over the difficult lockdown period. We
also congratulate them for their organised support for healthcare workers, which led to the company donating PPE and raw materials for PPE to a range of frontline organisations including our local hospitals and care facilities in Cavan and Fermanagh. “Trading for both our Building Products and Packaging solutions is strong year to date, despite the impact of Covid-19 and continuing Brexit concerns, and we are confident of another strong performance for both areas of the business in 2020. “Looking ahead to 2021 and a post-Brexit environment, we are very optimistic about the future of Mannok and the strong position of the company going into the coming year.” To contact Quinn Building Products call: +44 (0)28 6774 8866, email: info@quinn-buildingproducts.com or visit: www.quinn-buildingproducts.com
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