County Limerick medical device company to create 80 new jobs
COUNTY Limerick-based medical device manufacturer Croom Medical plans to create 80 jobs at a new €12million factory to produce orthopedic medical implants for multinational companies.
The company also announced plans to develop another manufacturing plant in the region, which is expected to open in 2023. In addition to the 80 jobs announced for the new plant, Croom Medical said it plans to create more jobs next year.
The company employed 45 people just a year ago, but is on track to increase that number to 170 by the end of this year as it expands operations in response to rapidly growing demand.
The company is located close to a hub of global medical device manufacturers with significant operations in the south and west of Ireland.
He has longstanding relationships with a number of these international players, including several big names in the MedTech sector.
Croom Medical was established by Paddy Byrnes in 1984 and focuses on the machining and handling of precious metals for use in a sterile environment. The business is now run by his son Patrick Byrnes who joined in 2018.
In 2020, development capital investor BGF announced a multi-million investment for a minority position in the company in which Enterprise Ireland is also a shareholder.
At the time of BGF’s investment, Michael Maher, the former chief operating officer of Glen Dimplex, was named non-executive chairman. He was a co-investor alongside BGF in the capital increase that year.
Chief Executive Patrick Byrnes said the company has experienced rapid growth through significant investment in research, development and innovation in medical device manufacturing technologies over the past four years.
“Our state-of-the-art factory houses some of the most advanced manufacturing technologies in Ireland. We have made a number of strategic investments in additive manufacturing (3D printing), advanced machining centers and automation.
“Our team is looking forward to growing our footprint to facilitate 80 new high value roles to meet customer demand globally,” he added.