THE owners of Dunmurry-based construction firm Farrans have not yet found a buyer, it has emerged.
Farrans - a subsidiary of Northstone Group and ultimately owned by Dublin listed building materials group CRH - was put on the market last December due to lack of long-term future orders.
There had been some speculation recently that CRH may be close to making a disposal.
Farrans is currently building a £76 million bascule bridge in Lowestoft, a £54m retirement complex in Flitwick for Central Bedfordshire Council and a £39m domestic waste recycling facility in Keynsham for Bath & North East Somerset Council.
Ongoing contracts also include workloads with Northumbrian Water and the new £200m new Belfast Transport Hub in joint venture with Spanish contractor Sacyr, with workloads there stretching out to 2025.
But after that, CRH says it wants to explore the potential divestment of the Farrans construction contracting business.
In a statement to the Irish News in December a CRH spokesman said: “The business, which has a successful track record, a strong market presence and a skilled workforce, continues to operate as normal across all its projects. Farrans will continue to update its employees throughout the process.”
Farrans Construction has more than 80 years’ experience of delivering world-class projects across the UK and Ireland.
