Cellulac will be based at the former Harp Lager brewery, now the Great Northern Distillery
Dundalk-based biochemical company Cellulac has bought a UK rival in a deal believed to be worth about €1m.
The company, Aer Sustainable Energy, specialises in manufacturing bio-based oils, proteins and other valuable products from algae biomass.
Celluac, which is headed up by Gerry Brandon, said in a statement that the purchase would add to the company’s production capabilities in the bioplastic ingredients and biochemical sectors by adding “cosmetics and aviation biofuel to the core institutional knowledge of the Cellulac technology platform”.
Cellulac recently announced it is to invest €25m to redevelop its plant in Dundalk in the second phase of a multi-year upgrade.
The company is leasing a 6.8-acre site from John Teeling’s Irish Whiskey Company at what is now the Great Northern Distillery. Cellulac is to retrofit the facility for the production of barrel plastics.
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