Celtic Pure Placed Into Examinership

The bottled water company at the centre of a major product recall earlier this month has gone into examinership.

Products made by Celtic Pure were pulled from the shelves in supermarkets, after inspectors found high levels of arsenic in some.

The Monaghan-based company employs 75 staff.

The Food Safety Authority of Ireland (FSAI) said the recall was part of an ongoing investigation into Celtic Pure being undertaken by them and the Health Service Executive (HSE).

The recall, described as a precautionary measure, was due to some water products from one well being detected with arsenic levels "above the permitted legal limit."

Image: Facebook/Celtic Pure

In a statement, the company said the appointment of an interim examiner marked "the end of a difficult time".

Declan McDonald of PwC was appointed interim examiner following an application to the High Court.

Celtic Pure said: "The appointment of an interim examiner will give the company breathing space to regain the confidence of its customers.

"The company will work with the examiner to secure external investment that will put Celtic Pure on a sound financial footing when it emerges from examinership."

Management said it was confident the firm could be saved.