Last month the court appointed insolvency expert Shane McCarthy as examiner to Silverpail Dairy, Unlimited Company and a related entity, Havana Company Unlimited, on an interim basis.
The court heard that despite the group's current financial difficulties it can survive if certain steps, including the appointment of an examiner and securing fresh investment, are taken. Dairypail, which makes tubs of ice cream and Irish Cream Liqueur for the Irish, UK, EU, Middle Eastern and US Markets, petitioned the court for the appointment of the examiner, which will give the group protection from its creditors.
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