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McArdle Skeath secures €3.8 million investment

McArdle Skeath, the Co Monaghan-based supply-chain company, has secured investment of €3.8 million from the Goodbody EIIS Fund, managed by Baker Tilly Hughes Blake and Goodbody. McArdle Skeath will use the funding to support the development of their 21 acre next-generation supply chain management facility in Hollystown, Dublin 15.

“From our original base in Inniskeen, McArdle Skeath have developed a strong reputation for supply chain management for some of Ireland’s largest food ingredient and pharmaceutical companies” said Micheal McArdle, chief executive of McArdle Skeath. “With the development of our large new facility in Hollystown, just off the M50 and twenty minutes from Dublin Port, we’re excited to be able to bring our unrivalled service to a wider range of customers across the country. We are delighted to be able to create 20 new positions in Dublin in the coming months and we look forward to growing the business to better serve all our partners and customers”.

McArdle Skeath has been in business for 48 years, it has annual revenues of €10 million and employs 97 people at its headquarters near Inniskeen. In 2014 they acquired a 21 acre site in Hollystown and the recently completed work on Phase 1 sees the addition of an 11,000 square metre warehouse which will be capable of handling 26,000 pallets in a temperature-controlled environment with additional clean room facilities.

“We plan to more than triple the capacity of our business over the next four years, so this investment is hugely significant,” said McArdle. “It represents a big vote of confidence in our company and we’re delighted to have the support of the Goodbody EIIS Fund.” McArdle Skeath’s clients include large multinationals and Irish SME companies in the pharmaceutical, technology and food sectors.

The investment in McArdle Skeath is the second by the Goodbody 2016 EIIS Fund. “We’re delighted to make this investment that will enable McArdle Skeath to significantly grow their presence in the key food and pharmaceutical markets,” said Stephen McGivern, partner, Baker Tilly Hughes Blake. “When we first met the McArdle family we were instantly struck by the knowledge and thoroughness of the team that has been developed over five decades and which has learned to adapt and grow to meet the needs of its customers. They have developed deep relationships over time which now gives them a fantastic platform for growth over the next decade.”

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