McErlain’s Bakery pre-pack sale saves 260 jobs

By James Ridler contact

- Last updated on GMT

Tayto owner Paul Allen (pictured) has taken McErlain’s Bakery out of adminstration
Tayto owner Paul Allen (pictured) has taken McErlain’s Bakery out of adminstration
Paul Allen, owner of Northern Irish crisp manufacturer Tayto Group, has rescued McErlain’s Bakery from administration in a pre-pack deal, protecting the jobs of more than 250 workers.

The baker – which produces the Genesis Crafty range, as well as own-label cakes and breads for stores such as Marks & Spencer, Waitrose and Tesco – appointed Andrew Dolliver and Luke Charleton of accounting firm EY as administrators earlier today (Tuesday 21 August).

Dolliver and Charleton worked with McErlain’s to identify a buyer in advance of the process, with the business continuing to operate as normal throughout.

McErlain’s managing director Brian McErlain will stay with the business. The sale has also saved the jobs of 260 employees.

‘Guide the growth’

Commenting on the purchase, Allen said: “This is a private investment by me and my family. I’m hoping that, in my non-executive role with the company, I will be able to use my experience in the industry to help guide the growth of both the Genesis Crafty brand and the overall business.​ 

“I’m delighted that the jobs at the factory have been secured and that Brian McErlain will be staying on as managing director. I’m now looking forward to seeing the company return to substantial, managed, successful growth and further investment in the future.”

McErlain said there were mixed emotions surrounding the sale of the business – sadness that a different family now owned the business, but also hope for the future and the growth of the Genesis Crafty brand.

Real benefit to the company

“Paul Allen’s ability is very well respected in the business community, not just in Northern Ireland but further afield, and I believe that his involvement will be a real benefit to the company. 

“I’d like to pay tribute to all our staff, customers and suppliers, who have been through some difficult times with us and whose support we have really appreciated.”

EY’s Dolliver said McErlain’s was now set up for a positive future through the knowledge and experience Allen would bring to the business.

Meanwhile, last week, extreme weather conditions forced egg producer Blackdown Hills Enterprises into administration​, costing the jobs of its entire workforce.

Related topics: Business News, Bakery

Related news

Show more

comments

Post your comment

We will not publish your email address on the website

These comments have not been moderated. You are encouraged to participate with comments that are relevant to our news stories. You should not post comments that are abusive, threatening, defamatory, misleading or invasive of privacy. For the full terms and conditions for commenting see clause 7 of our Terms and Conditions ‘Participating in Online Communities’. These terms may be updated from time to time, so please read them before posting a comment. Any comment that violates these terms may be removed in its entirety as we do not edit comments. If you wish to complain about a comment please use the "REPORT ABUSE" button or contact the editors.

Follow us

Featured Events

View more

Products

View more