John Teeling at the Great Northern Distillery in Dundalk
The Teeling family are reportedly in discussions with a number of investors to sell a 20% stake in the Great Northern Distillery in Dundalk for around €5 million.
According to an article in yesterday’s Sunday Business Post, discussions with investors are at an “advanced stage” and could be completed within the next couple of months.
The paper reports that the deal is set to value the company at more than €25 million.
It is understood that any equity investment deal is likely to involve a firm looking to launch a new whiskey, which will be supplied from Dundalk, while also investing in the company.
Currently two months from production, the Great Northern Distillery is looking to sign up clients and will specialise in supplying whiskey to private label brands rather than under its own name. The company is set to have its first whiskey available for delivery in 2017 and last week advertised a number of jobs in the local newspapers.
Entrepreneur John Teeling’s Irish Whiskey Company bought the brewery from Diageo in 2013 after they opted to close the former Great Northern Brewery, which was best known for producing Harp Lager, amongst other brands.
Teeling is the founder of Cooley Distillery, which was bought by US firm Jim Beam for €71 million in 2011.
The deal in Dundalk is separate to the Teeling Whiskey Company, which is owned and run by Teeling’s sons Jack and Stephen and is opening the first new distillery in Dublin in 125 years.
More than half of secondary school students in Louth feel they won’t find work in their own county, according to a new survey from Studyclix.
Considering the range of multi-national companies in the Wee County, it might come as a surprise that teenagers are the least likely in the whole of Ireland to find work close to home.
More than 4,822 secondary school students took part in the survey on the Studyclix website but students here were the least optimistic about finding work locally when they progress into the workforce.
Overall the survey found that 56% of second-level students were stressed about school, with four out of 10 admitting they feel they will have to emigrate in order to get a job.
More than half of the students surveyed (55%) feel they are ‘addicted’ to their phones. Some 49% admitted to checking their phone in class once the teacher’s back was turned.
While just 3% of students smoke, more than four in 10 said they drink regularly. Some 88% of first-year students say they never drink and 6% claim to drink only on special occasions.
For Leaving Certificate students, 19% said they never drink and 65% drink on special occasions.
A quarter of all students said they have witnessed cyberbullying in the last school year.
The most used social media platform among students is still Facebook, with 81% of those surveyed active on the platform. The second-most popular channel is picture-sharing app Snapchat at 80%. Instagram is third at 68%, while Twitter trails in fourth at 53%.
Some 13% of students surveyed have a profile on the online-dating site Tinder; 6% of students at junior level (12- 15-year-olds) also have a profile on the site.
Louth County Council are on the look out for beach lifeguards ahead of the summer.
The job pays €12.57 per hour with the appropriate qualifications required.
Closing date for receipt of the completed application form is 4.30pm on Tuesday April 7th.
Further details on the roles can be found at www.louthcoco.ie/vacancies
The good folk over at EK Fuels on the Armagh Road yesterday opened their new convenience store and deli ‘Day Today’.
The new store features a hot and cold deli, a Blizz ice cream and shake stand, papers and magazines and a range of sweets, confectionary and other household items. There’s also a small area where you can sit in and enjoy hot or cold food, which is prepared on site.
Be sure to check it out next time you’re passing or if you’re in need of a car wash or fuel refill.
NK Communications are recruiting in Dundalk for five Domestic Field Sales Representatives for one Ireland’s leading energy suppliers.
Full training is provided. Competitive commission and salary available.
Please email your CV to email@example.com or contact Ciara Fox on 083 106 4163 by either calling or texting for call back.
A new dental surgery will open on the Avenue Road next month.
Friel & McGahon Dental will be located in the Avenue Road Centre, above the likes of Country Fresh and Kieran’s Avenue Pharmacy.
Work on the surgery has been ongoing for a number of weeks with its entrance set to be the one currently shared with The Gym.
The practice will be run by husband and wife team Fergus Friel and Aimee McGahon, who are well known for their work in recent years in Hollywood’s Dental Surgery in Dublin Street.
The surgery will be open Monday-Friday from 8am to 5.30pm with further details available on www.frielandmcgahon.ie or by calling 042 9336214. Evening and Saturday appointments will be available also.
The Mexx fashion brand is set to close its concession in Houston’s in Dundalk.
The closure comes after the label’s Dutch-based parent compant went bankrupt in December, with more than two dozen stores and concessions across the country also closing.
Banbridge-based businessman John Houston has operated the Mexx brand as a franchise since 2011 but their bankruptcy has meant that the supply of stock has come to an end.
It is understood that no jobs will be lost as a result of the closure, with staff being redeployed to other parts of the Houston’s store on Clanbrassil Street.
Peter Fitzpatrick TD
Local TD Peter Fitzpatrick has confirmed that construction on the new manufacturing and office facilities in Dundalk will commence next year.
The new facilities will be built as part of IDA Ireland’s investment of over €150 million as part of the Action Plan for Jobs, with Dundalk one of the nine locations set to be benefit from the investment.
Deputy Fitzpatrick said the new facilities “will attract foreign direct investment to Dundalk and the surrounding areas including the Cooley area, Ardee and Dunleer.”
He also said he was pleased with local Live Register figures, saying that things were moving in the right direction.
“It is worth noting that unemployment has fallen from over 15% to 10% and in Dundalk there has been a fall of over 19% from a high in 2011 when Fine Gael took over Government. This represents a net fall of 3,438 people who have been taken off the Live Register in Dundalk and surrounding areas,” said Fitzpatrick.
“It is clear that we in Louth are now competing with Dublin and Cork in attracting foreign direct investment, which can be seen with the new jobs announcements by SalesSense and PayPal recently.”
New manufacturing and office facilities will be built in Dundalk as part of the Government’s five-year strategy to accelerate job growth around the country.
Dundalk has been earmarked as one of nine locations where building world will commence to provide new facilities to companies.
This is part of a plan from IDA Ireland to help attract more multi-national jobs into each region.
In total €150 million will be invested into the capital investment project with €250m going into the overall strategy.
Other towns where advanced manufacturing and office facilities will be built include Sligo, Tralee, Castlebar, Galway, Limerick, Athlone, Carlow and Waterford.
Eddie Rocket’s are believed to be eyeing up Dundalk as a possible destination for a new diner.
Last week the American-style diner announced expansion plans, which includes the establishment of 20 new restaurants around Ireland this year.
Dundalk is understood to be one of the areas earmarked with possible locations currently being looked at within the town.
Eddie Rocket’s has had a diner in Drogheda for a number of years now and last December opened a restaurant in the Quays Shopping Centre in Newry, creating 25 jobs.
It is understood, however, that the proposed expansions would be similar to the new Rockets outlets that have recently opened in the IFSC, St Stephen’s Green Shopping Centre and Jervis Shopping Centre in Dublin.