Home > General > Irish company confirms €15m Global investment

Irish company confirms €15m Global investment

Written by Robert McHugh, on 5th Feb 2016. Posted in General

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It was announced today that Irish company, Prim-Ed Publishing, is going Global with a €15m investment which will see it buy out its partner RIC Publications Pty Ltd.  
 
The RIC Publications Group operates in Australia, New Zealand, South Africa and Malaysia. The investment will see Prim-Ed Publishing double the workforce at its Irish headquarters in Wexford over the next 5 years.  

The company currently employs 46 people from its New Ross hub, with staff based in Ireland, the UK and Spain.
 
Furthermore, jobs will also be created in the UK where Prim-Ed Publishing has doubled its sales over the past two years, with its curriculum-focused resources, workbooks, eBooks and teacher aids. 
 
As part of the detail, all global marketing and financial activity will be centralised in New Ross, Co. Wexford, which will remain the company’s global headquarters and centre of best practice.

Prim-Ed Publishing has been working closely with RIC Publications since the mid 2000s. The global take-over will now see Prim-Ed Publishing extend its operation across five continents, with sales and licensing agreements in 22 countries.
 
CEO of Prim-Ed Publishing, Seamus McGuinness says, "This is a landmark move for what, is now, a truly international publishing company, which started out in the front room of my own home 22 years ago.

"We have built up an incredible team at Prim-Ed Publishing and we’ve been very proud and fortunate to work with amazing teachers in Ireland, the UK and elsewhere to tailor our resources to the specific needs of very diverse classrooms, environments and curricula right across the globe."

Source: www.businessworld.ie

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