Grafton's CPI firm to close
Published: 26 January, 2012
DUBLIN: Grafton owned CPI is to close its Irish operation. The company manufactured mortar and concrete products for the construction industry, but has been loss-making for some years. Sources said much of its activity had been focussed on the housebuilding side.
In a statement, CPI said it had made extensive efforts to restore the business to viability through restructuring its activities and reducing its cost base but, despite these measures, there is no near-term prospect of returning the business to profitability.
"The company greatly regrets the necessity to take this action and will consult with the 15 employees on redundancy," it said.
CPI was founded in 1931 and has been located in Lucan, Co Dublin since 1947. The company also has nine plants in the UK which will not by affected by today's decision.