Former Quinn firm sold for nearly €50m

Athlone Extrusions, the plastics maker once owned by Seán Quinn, has been sold to a Swiss company

9th July, 2017

Athlone Extrusions, the plastics maker once owned by Seán Quinn, has been sold to a Swiss company for close to €50 million. The takeover will mean a huge payout for Athlone’s chief executive, James McGee, and a number of other senior executives.

The company has changed hands numerous times since it was was set up about 40 years ago, and last week it was acquired by Switzerland’s Schweiter Technologies. It employs...

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