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Another Northern Irish business eyeing up Dundalk move post-Brexit

Another Northern Irish business eyeing up Dundalk move post-Brexit

Dundalk could be set to benefit from another Northern Irish business moving south in the wake of Brexit.

Earlier this year Craigavon-based pharmaceutical company Almac announced it was opening a premises in the town to guarantee access to the EU market.

Now ahead of British Prime Minister Theresa May triggering Article 50 today, a Newry-based business could be set to follow their lead.

Paul Vallely, who runs online rug trader Kukoon.com, said told The Belfast Telegraph today that market uncertainty and potential trade tariffs made it impossible to plan ahead.

He revealed he is now considering moving the business, formerly known as The Rug House, and its 27 staff to Dundalk.

Mr Vallely, who runs the business with his sister Claire, told The Belfast Telegraph: “We’ve talked with staff about the possibility of moving to Dundalk.

“For some of them it’s not an issue, but some others who do quite specialised roles are already traveling from Lisburn and Belfast, so it’s something we are still weighing up.

“At the moment, export businesses like mine are only able to plan ahead on a three to six-month basis, and that’s no way to run any business.

“At least in the Republic there’s a state of play and things will stay the same.”

Exports account for around half of the company’s sales, with just 4% of orders made in Northern Ireland and the Republic of Ireland.

The majority are shipped to the USA, with customers in Germany, Italy and Spain the next biggest chunk.

Read the full story here.

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