UG Group will work closely with Wellman’s employees and their union representatives at SIPTU, Unite, and Connect, as well as key partners and suppliers, to secure the business’s long-term viability and growth.
Commenting on the acquisition, Magnus Hammick, Founder and CEO of UG Group, said:
“Sustainability is all about people, products and the planet. Supporting the Net Zero transition is the central purpose of UG Group, and Wellman is a hugely important element of a thriving sustainable circular economy. It ensures that waste plastics have a viable onward life.
Wellman International provides this vital service for Ireland. It is also a major employer in Mullagh, so we want to secure its long-term future and help the business grow and achieve profitability
