News & Products
QUINN TO REBRAND TO MANNOK “Mannok” was recently unveiled as the new identity for Quinn Industrial Holdings, a name which the company’s familiar brands “Quinn Building Products” and “Quinn Packaging” will transition to in the coming weeks and months. 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 fiveyear 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 that 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 saw heavy investment in both Quinn Building Products and Quinn Packaging, totalling ¤11.5m, 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 the 2019 performance, the company’s CEO, Liam McCaffrey, said, “We are extremely pleased to unveil Mannok as our new brand identity, which we believe better reflects the ownership, evolution and
Mannok Directors: L-R - Donal O’Rourke, Tony Lunney, Kevin Lunney, Liam McCaffrey, Dara O’Reilly, Brenda Rennick and Paddy Mohan.
future focus of our business. It marks a major milestone for us following a five-year transformation programme that has empowered our staff and repositioned our businesses for continuing growth and innovation”. “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 this year. 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.” During 2019, employment numbers remained steady at 830 staff, as the company continues to roll out its lean and multiskilling based initiatives across the business with a continued focus on health, safety, and the environment.
PROTECTING YOUR BUSINESS IN DIFFICULT TIMES These are unprecedented times for business with many retailers being forced to close for a prolonged period for the second time this year. 2020 will be a year we all want to forget. Building Materials & Hardware retailers deemed an essential trade and remaining open is a very positive thing. Insurance companies like Dolmen Insurance Brokers are also deemed essential and continue to trade during this and the previous lockdown, albeit many are working from home. Insurance is a strange offering, we buy it in the hope that we never have to use it, unlike hardware, but it is vital nonetheless. We at www.hardwarestoreinsurance.ie have been working closely with our clients undertaking thorough reviews of their insurance programme in these uncertain times. Now is the time to review your cover, your sums insured, your policy terms, conditions and very importantly, policy exclusions. 16
We at www.hardwarestoreinsurance.ie will happily talk to any of our fellow HAI members on a no obligation basis to ensure the cover you have is adequate for your needs. We will also offer a competitive quote with the broadest possible cover for your needs. One final point. When you receive your policy details at your next renewal date, check what changes your insurer might have made to your cover following Covid-19. They will issue an endorsement letter with your renewal notice so ensure you are familiar with the changes before something goes wrong. Please visit us at www.hardwarestoreinsurance.ie, email John Bourke johnb@hardwarestoreinsurance.ie or phone 01 8022361.
November/December 2020
