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Thread: Cully & Sully sold to US buyer - A Good or a Bad thing?

  1. #31
    Gimpanzee
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    Quote Originally Posted by Johnny Was View Post
    Not if the Chinese or the Americans want to move the companies elsewhere surely?! Maybe we should try not be so dependent on the kindness of strangers who owe us nothing?
    Glen Dimplex is one of Ireland biggest private companies - not listed on the Irish stock exchange - entirely Irish owned. To your relief the company will remain in Ireland, whatever that means. The jobs, however are subject to exactly the same rules as American companies and the vast majority are in the likes of China and other lower cost countries.

  2. #32

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    Quote Originally Posted by Gimpanzee View Post
    Glen Dimplex is one of Ireland biggest private companies - not listed on the Irish stock exchange - entirely Irish owned. To your relief the company will remain in Ireland, whatever that means. The jobs, however are subject to exactly the same rules as American companies and the vast majority are in the likes of China and other lower cost countries.
    I should just mention by way of a teaser for a future thread that more and more of these jobs could potentially come back to Ireland due to the effects of the current Third Industrial Revolution.

    Best regards, Pat.Twitter-energy economy news _ _ Each to their ability, together we progress.

  3. #33
    Politics.ie Member ManOfReason's Avatar
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    So to the solution to Irish companies being bough by foreign companies is some vague foreign cultural concept of lovely family owned rural companies where everything is grand and apparently they have no competitive concerns?
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  4. #34
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    Quote Originally Posted by ManOfReason View Post
    So to the solution to Irish companies being bough by foreign companies is some vague foreign cultural concept of lovely family owned rural companies where everything is grand and apparently they have no competitive concerns?
    nothing vague, its all about not taking the quick buck, its about being the best at what you do, its about not involving otherwise healthy business' in property plays, bank plays etc

    its about commitment to the companies and companies committing to their communities

    when you cant be bought, you become invaluable

  5. #35
    Gimpanzee
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    Quote Originally Posted by ManOfReason View Post
    So to the solution to Irish companies being bough by foreign companies is some vague foreign cultural concept of lovely family owned rural companies where everything is grand and apparently they have no competitive concerns?
    It's the sort of airy-fairy, castles in the sky nonsense that Phil would drop a bollock over if some lefty proposed it.

  6. #36
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    Quote Originally Posted by Gimpanzee View Post
    It's the sort of airy-fairy, castles in the sky nonsense that Phil would drop a bollock over if some lefty proposed it.
    such companies are eeking it out here in Ireland, the only nonsense to you is that there's not a quick buck to be stolen.

  7. #37
    Politics.ie Member White Horse's Avatar
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    Quote Originally Posted by Spanner Island View Post
    Cully & Sully has been sold to a US buyer...

    Cully & Sully sold to US buyer - The Irish Times - Fri, May 04, 2012

    Well done and good luck to them - but do you think this is a good or a bad thing?

    There are plenty of benefits stated in the link but all I see is another successful indigenous company hoovered up by another foreign/multinational which may well see employment maintained and possibly even grow here, but will also mean profits being repatriated elsewhere.

    Does this country have a future if successful indigenous companies are constantly taken over by major multinationals?

    I don't think it does and I'd like to see any state investment in any company given in return for equity so that at least when these sell offs happen the state benefits.

    Irish capital will still seek to invest in property, leaving businesses dependent on foreign capital.

    It was always thus and no doubt will lead to another property bubble in the future.

  8. #38
    Politics.ie Member Spanner Island's Avatar
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    Quote Originally Posted by Gimpanzee View Post
    Furriners stealing our indigineous industries? What sort of DeValera era, dancing at the crossroads economic mumbo-jumbo is that?
    Are you deliberately missing the point or are you just thick?

  9. #39
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    Quote Originally Posted by Spanner Island View Post
    Are you deliberately missing the point or are you just thick?
    he's probably knee deep in Nama and needs muppets to 'plow into property agin'

  10. #40
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    [QUOTE]
    Quote Originally Posted by Phil Maker View Post
    How much did Enterprise Ireland spend grooming and presenting these guys?

    http://www.agservicesgroup.com/RoleM...Colum_Case.pdf

    How much did that 1 document cost?

    Its a bit like how the Central Bank green lighted Anglo

    EI green lighted, marketed and spot lighted these guys.

    What pay back for the tax payer?[/QUOTE]
    One assumes they will pay CGT on what they received for the company.

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