Venture capital group Hibernia Capital Partners has backed a £7.3 million (€9.27 million) management buy-out of Terraillon Holdings, a manufacturer of consumer weighing scales, from the French state-owned industrial holding company, CDR.

Terraillon, which employs 100 people in Sligo, also has operations in France, Britain and the US and has a workforce of 180 people worldwide. It manufactures bathroom and kitchen weighing scales, including the well-known Hanson brand. The company reported sales of £25 million (€31.7 million) last year.