IWP chief executive Joe Moran has spent €536,000 (£423,134) buying 335,000 shares in the household products group. Mr Moran now holds 6.88 million shares, or 8.66 per cent, in IWP.

Another IWP director, Richard Hayes, has spent €160,000 on another 100,000 shares to take his stake in the group to 1.35 million shares or 1.7 per cent of the total. In addition, the company itself has bought back 250,000 share which will be held as treasury shares.