Up to 100 jobs are to be created over the next 24 months in Borrisoleigh.
Oscar Wilde Water has purchased the old C&C plant site, which was formerly operated by Tipperary Water.
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That operation shut down in 2016, with the loss of more than 100 jobs.
However, production on Oscar Wilde’s premium glass bottled water will get underway immediately – with the help of C&C, who will distribute the products.
Deputy Michael Lowry says it’s great to see new life breathed into the facility.