Celtic linen turns a profit after exiting examinership

The Wexford based Celtic Linen which supplies toweling to hospitals and hotels has returned to profit.

The company under new ownership has posted a net gain of 5.42 million euro last year after exiting examinership. An injection of fresh capital was put into the business by the new owners after striking a deal with its creditors. In the meantime, staff numbers at the Drinagh based plant has reduced from 430 down to 300.