Farrans Construction could be put up for sale by owner CRH Group following a review.
by Rory Butler / December 7, 2022
Global materials firm CRH said that while no final decision had been made, it is considering the potential sale of one of Northern Ireland’s biggest construction firms.
The Irish News, who broke the story, said the possible divestment was, in part, due to ‘a malaise running right across the wider building sector’ in the region.
Farrans, and the wider sector, perseveres amid a recession, soaring inflation costs, supply chain issues, and skills and labour shortages.
Farrans employs 550 people from offices in London, Cambridge, Edinburgh, Leeds and Dunmurry.
CRH said Farrans’ ‘skilled workforce continues to operate as normal’.
“While no final decision has been made, following a strategic review, CRH is exploring the potential divestment of its construction contracting business, Farrans,” said CRH.
“The business, which has a successful track record, a strong market presence and a skilled workforce, continues to operate as normal across all its projects.
“Farrans will continue to update its employees throughout the process.”