The management team of Irish Wire Products in Limerick has completed a management buy-out of the company from its parent, IWP International for £2.15 million (€2.73 million).

IWP is a significant player in the sale and distribution of building materials to the trade and DIY sectors in the Limerick area. With the disposal last month of the Panelling Centre in Dublin, IWP International has now ended its involvement in the sale and distribution of building materials in Ireland.