Irish construction materials group The Lagan Group has pulled-out of plans to buy the former Quinn group roof tile business, following a death threat sent to its chairman.
Lagan was planning to buy The Quinn Rooftiles business from Aventas, the re-branded Quinn Group. Quinn was established by bankrupt former billionaire Sean Quinn.
Construction Enquirer reports that the death threat to chairman Kevin Lagan was received on the day his wife died and followed a series of attacks on Lagan Group property when the news that a deal was on the cards was released.
The Lagan Group told the Belfast Telegraph: “Last week, on the day his wife died, Mr Kevin Lagan, chairman of the Lagan Group, received a letter containing a threat that should the Rooftiles business sale proceed, the purchasers ‘would not live to see the benefits of the sale’.”
Since Sean Quinn lost control of the Quinn Group three years ago there has been a series of attacks on the group’s companies or those who have expressed an interest in buying them.