Frank Keane Holdings has bucked the trend, that has seen over 100 motor dealerships close over the last three years, by announcing the re-opening of Maxwell Motors and employing 18 people. This follows the purchase of the business as a going concern from Grant Thornton, the receiver appointed by Ulster Bank and Lombard Finance.

Located in Blackrock, Maxwell Motors was first established in 1938 and has a long and distinguished history in motor retailing. The purchase by Frank Keane Holdings has seen the business resume trading since July 19th, as a non-franchise retailer of premium vehicles.

Commenting on the acquisition, Frank Keane said:  "While the motor sector in Ireland has experienced tough trading conditions as a result of the economic downturn, we believe motor retailing is now stabilising and has positive long-term growth potential. The acquisition of Maxwell Motors demonstrates this, and provides Frank Keane Holdings with the opportunity to establish our strong reputation for quality, service and value from a landmark premises in South Dublin."

Frank Keane Holdings is a significant operator in the Irish motor industry since 1967. It is the distributor of Mitsubishi cars, 4x4's and trucks in Ireland, and operates a BMW and MINI retail outlet on the Naas Road in West Dublin. Frank Keane personally has been involved in the motor industry since 1952.