Quinn Industrial Holdings (QIH) is to be rebranded as "Mannok" the company announced today (Monday).

The company said the new branding identity marks the culmination of a five-year transformation and investment programme for the company.

The new name derives from Fear Manach - the origin of Fermanagh and the company says it "resonates well with domestic and international stakeholders, an important consideration given the business’s increasing export focus".

They said the new name is deeply rooted in the region of Cavan and Fermanagh and reflects the enormous pride it has in the companies near-50-year heritage, quality products and people. 

Commenting on the new branding, Liam McCaffrey, Chief Executive Officer said: "Looking ahead to 2021, and a post Brexit environment, we are extremely pleased to unveil our new brand identity which we believe better reflects the ownership, evolution and future focus of the business.  It marks the culmination of a 5-year transformation programme that has empowered our staff and repositioned our businesses for continuing growth and innovation. Our businesses are now in the strongest position since their acquisition in 2014 and Mannok is an appropriate and much more expansive brand proposition that reflects what our customers value most – a professional one-stop-shop for building and packaging solutions and the support of exceptional staff.”

Impartial Reporter:

Also in an overview of the companies 2019 operating performances up until Decemebr 2019 the companies EBITDA (Earnings Before Interest, Tax Depreciation & Amortisation) increased from €26.4m to €26.6m however turnover fell by 2.5 per cent from €240m in 2018 to €234m in 2019. Investment of €11.5m in this period bringing total investment to €60m since the acquisition of the businesses in December 2014.  

On the companies performance, Mr. McCaffrey added: “2019 marked our fifth successive year of EBITDA growth and a robust performance given Brexit uncertainty. Our targeted investment of recent years has established strong foundations for continuing growth across Ireland and the UK. 

“Post year end and the emergence of Covid 19, the health and safety of our staff and customers has been our key priority and we have taken extensive measures to mitigate risk and support the national fight against the pandemic. Our staff play a critical role in ensuring business continuity and in the provision of key supplies to essential sectors including food and construction. We are very grateful for, and acknowledge, our staff support, forbearance and commitment over the difficult lockdown period.  We also congratulate them for their organised support for healthcare workers which led to the business donating PPE and raw materials for PPE to a range of frontline organisations including our local hospitals in Cavan and Enniskillen. 

“Trading for both our Building Products and Packaging businesses 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 divisions in 2020.