The directors and owners of Waterford Transport have announced their retirement from the haulage business.
They hope to sell the business as a going concern by September. Discussions with interested parties are ongoing.
Waterford Transport was founded in the 1970’s employs 28 people.
Staff were informed of the decision this morning and the directors have paid tribute to their many years of dedication and loyalty.
In a statement issued to WLR News, Company Directors Matthew, Martin and Philip O’Shea said the decision was made after a long period of reflection. “The company was founded in the early 1970’s by our late father John O’Shea. Since we joined the company we have between us given almost 140 years’ service. However, we cannot continue in business indefinitely.
“We would like to thank our customers and our suppliers for their unfailing support. Most of all, we would like to thank our staff for their many years of dedication and loyalty.
“It has been and remains our hope to sell the business as a going concern before our retirement. Discussions with interested parties are ongoing.
“Once again we would like to extend our heartfelt gratitude to all our stakeholders.”