This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.

You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/northern_ireland/6960716.stm

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Company buys troubled solar firm Company buys troubled solar firm
(40 minutes later)
The troubled Bangor firm Thermomax has been sold to the Irish construction products company Kingspan. The troubled Bangor firm Thermomax has been sold to County Cavan construction products company Kingspan.
Thermomax - which makes solar heating systems - went into administration in July after running into financial problems.Thermomax - which makes solar heating systems - went into administration in July after running into financial problems.
It employs 185 people at its Bangor, County Down, factory and a further 85 in Cardiff, Wales.It employs 185 people at its Bangor, County Down, factory and a further 85 in Cardiff, Wales.
Kingspan said that it was buying the company as a going concern and intended to expand its operations.Kingspan said that it was buying the company as a going concern and intended to expand its operations.
Garth Calow of administrators PricewaterhouseCoopers said Kingspan had an international reputation.Garth Calow of administrators PricewaterhouseCoopers said Kingspan had an international reputation.
"This transaction will provide the business with an excellent opportunity to realise its full potential in the future," he said."This transaction will provide the business with an excellent opportunity to realise its full potential in the future," he said.
"The opportunity for such a positive outcome has been possible thanks to the ongoing loyalty and support of the workforce and the continued co-operation of the customers and suppliers, together with assistance from Invest Northern Ireland.""The opportunity for such a positive outcome has been possible thanks to the ongoing loyalty and support of the workforce and the continued co-operation of the customers and suppliers, together with assistance from Invest Northern Ireland."
Founded in 1980, Thermomax won a Queen's Award for Enterprise in 2001.Founded in 1980, Thermomax won a Queen's Award for Enterprise in 2001.