ICC Venture Capital has taken a 35 per cent stake in the Dublin-based printing company, the Euroscreen Group, after making a £1.5 million investment. The money is being invested as part of a management buy-out. A group of four managers have bought out the original founder of the company, Mr Joe Daly.
The managing director of Euroscreen, Mr Gerry Andrews, is now the largest shareholder with a 44 per cent stake in the company. The other managers in the buyout are Mr John Moylan who has a 17 per cent stake, with the rest shared between two managers Mr Paul Carey and Mr John Quinn.
Euroscreen prints annual reports, calendars and corporate material and has an annual turnover of more than £8 million.
According to Mr Andrews, three venture capital companies were interested in investing in the company. It operates a subsidiary company, International Screen, which specialises in large outdoor posters for billboards.
The company which employs 90 people at Ballymount Industrial Estate and Knockmitten Lane, was founded in 1975 by Mr Daly.
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