A senior JRL Group director has told Construction News it is “business as usual” at McMullen Facades after the concrete specialist rescued the firm from administration.
Speaking to CN today, JRL director Kevin Keegan said it was attracted to McMullen for its “strong reputation and good brand”.
“It was a very rare opportunity that a business of McMullen’s quality was for sale at all,” he said.
McMullen was placed into administration on Monday by administrators Deloitte, following the collapse of its parent group Lakesmere.
Hertfordshire-based JRL completed the deal to acquire McMullen late yesterday and informed staff at the County Armagh-based business in briefings today.
All 270 jobs at McMullen are expected to be retained and its current management team kept in place.
“The message is ‘business as usual’ and the idea is to keep what’s here and grow it,” Mr Keegan said.
“[The head office] is a key part of it, the design capability is unique.”
JRL also plans to retain McMullen’s facility in Portadown.
Mr Keegan added: “We are offering a concrete structure and a facade business under a single package, which is very attractive to certain clients – it’s almost a unique facility to offer that.”
JRL is aiming to retain the McMullen name, but is currently ironing out “legal issues” on the matter.
Mr Keegan said he believed there had been “two or three other” rivals interested in McMullen.
He refused to be drawn on the amount that JRL paid for McMullen.
McMullen was acquired by Lakesmere in 2012 after previously falling into administration.