Bord na Móna lost €28m on mid-Brexit purchase of White Moss
Decision to acquire British peat composting company ‘ill advised’ when ‘the writing was on the wall’ for such products
Bord na Móna lost more than €28 million on its “ill-advised” decision to buy a British peat composting company in the middle of Brexit, the Business Post can reveal.
The semi-state company quietly closed the Liverpool-based peat composting business last year and all 91 staff there were made redundant.
Bord na Móna bought the White Moss Horticulture company at the end of 2016 for €12.1 million to give it a bridge into Britain after Brexit, ...