Galway greentech entrepreneur Gerry Brandon is set to acquire a subsidiary of a British industrial engineering company for more than €1 million.
The purchase of Pursuit Marine Drive by Brandon's biotechnology firm, Cellulac, is at an advanced stage but subject to shareholder approval. The deal involves the transfer of more than €2 million worth of assets, including a number of chemical reactors for use by Cellulac in Ireland.
Cellulac will be increasing staff from eight...
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