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Croom Medical opened a new, multi-million-euro manufacturing facility in its hometown of Croom, County Limerick. The company has invested over €12 million in the new facility. The company also announced plans to develop a further manufacturing facility in the area, expected to open in 2023.
The company confirmed that it is on course to recruit an additional 80 team members in 2022, with more expected in 2023. In July 2021 the company employed 45 people, but that number is on target to rise to 170 by the end of 2022 as it scales up its operations in response to rapidly growing demand.
The opening of the new facility was attended by Minister Niall Collins, Minister Patrick O’Donovan, Tom Kelly, Head of Cleantech, Electronics and Life Sciences at Enterprise Ireland, staff of Croom Medical and representatives of key clients.
Croom Medical was founded by Paddy Byrnes in 1984 and focuses on the machining and handling of precious metals for use in a sterile environment. The company is now led by CEO Patrick Byrnes, son of the founder, who joined in 2018.
Mr. Byrnes said that the company has experienced rapid growth on the back of significant investment in research, development and innovation in medical device manufacturing technologies over the past four years.
“Our state of the art facility hosts some of the most advanced manufacturing technologies in Ireland,” he said. “We have made a number of strategic investments in Additive Manufacturing (3D Printing), Advanced Machining Centers and Automation. Our team is looking forward to increasing our footprint to facilitate 80 new high value roles in order to meet customer demand on a global level.”
In 2020, Ireland’s leading Growth Capital Investor, BGF, announced a multi-million investment in a minority position in the company. Enterprise Ireland is also a shareholder in the business. At the time of the BGF investment, Michael Maher, former Chief Operating Officer of Glen Dimplex, was appointed as Non-Executive Chairman. Maher was a co-investor alongside BGF in that year’s capital raise.
