Croom Medical, a company that manufactures medical devices, has announced intentions to hire 80 people as it launches a new €12 million facility in its hometown of Croom, Co. Limerick.
The business also disclosed its ambitions to build a second production facility in Limerick, which is scheduled to debut in 2023.
The company expects to hire more people in 2023 in addition to the 80 new positions that were just announced.
Just a year ago, the company employed 45 employees; now, as it expands its operations in response to the quickly rising demand, that number is expected to reach 170 by the end of this year.
The business is near to a concentration of major enterprises in Ireland’s south and west that belong to international producers of medical devices.
Paddy Byrnes founded Croom Medical in 1984, specialising in the machining and handling of precious metals for use in sterile settings. His son Patrick Byrnes, who joined in 2018, is now in charge of the business.
Growth capital investor BGF made a multi-million investment for a minority stake in the business in 2020. Enterprise Ireland is a shareholder in the business as well.
Former Glen Dimplex Chief Operating Officer Michael Maher was named Non-Executive Chairman at the time of the BGF investment. He participated in the capital raise that year as a co-investor with BGF.