Mayo business Nomadic Display to wind down trading

Louisburgh based exhibition display manufacturing company Nomadic Display have decided to wind down its trading activities over the coming months, ending forty-four years of business in the West Mayo town.

Commenting on the company’s decision, Managing Director and owner of the company Jerome Gannon stated that it was a very difficult decision to arrive at but the commercial realities of the situation the company finds itself in left no credible alternative.

Continuing Mr Gannon stated that a combination of factors ranging from falling sales particularly post the Covid period, substantial cost increases attributed to the Russian invasion of Ukraine, where aluminium a key raw material used by the company saw price increases of over 60 percent, as well as increased labour and energy costs together resulting in squeezed margins and a loss-making scenario. Distance from the company’s main European markets and in particular Germany presented further challenges in terms of increased freight costs and lead times not to mention a proliferation of low-cost product out of Asia. While the company absorbed losses for as long as it could as a commitment to its employees, inevitably this was not sustainable.

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“I am immensely proud of all my team in Louisburgh who showed great commitment and flexibility during the past number of years. The decision to wind down trading will have a negative impact on each of them and their families, and I am off course very conscious of that. I believe the company did all it could to change its business model and maintain jobs in Louisburgh for as long as possible,” stated Mr Gannon.

Concluding Mr Gannon stated that while the announcement of a wind down of trading is not good news for the company employees, or indeed the wider Louisburgh area, on a more positive note, the company is actively exploring an alternative use for its site which it hopes will lead to the creation of new long term sustainable jobs in the town.