There was a massive jobs boost at Creagh, south Roscommon, on Monday morning when it was announced that 100 new positions would be created by Surmodics, a US medical devices company.
It follows the organisation’s acquisition of Creagh Medical last November.
Surmodics plans to develop the south Roscommon operations by investing more than €7 million in developing the recently acquired facility and creating 100 new jobs, above the current base of 32, over the next five years.
The company will invest a further €9.5 million in two significant research and development projects in its new Galway facility.
The development is supported by the Department of Jobs Enterprise and Innovation through IDA Ireland.
The company will continue to be located in Creagh Medical’s existing facility, which measures 30,000 sq. ft., in Ballinasloe.
Tom Greaney, who was previously Chief Executive of Creagh Medical, has joined Surmodics as vice-president of Global Operations and general manager of the Creagh operation.
Gary R. Maharaj, the President and Chief Executive of Surmodics, said: “We are pleased to have established a presence in a location where we can hire and develop highly skilled midtech personnel as we continue to invest in our vision of developing highly differentiated product solutions.”
The news has been broadly welcomed. Mary Mitchell O’Connor, the Minister for Jobs, Enterprise and Innovation, said that the company’s expansion was a “vote of confidence in the skilled Irish workforce”.
Martin Shanahan, the Chief Executive of IDA Ireland, said: “I’m delighted that Ballinasloe has proved to be a suitable location for retaining and developing this new name in the Irish Midtech cluster.”
Denis Naughten, the Minister for Communications, Climate Change and Environment, described the news as a “massive boost” for Ballinasloe.
“The creation of 100 jobs in Ballinasloe is the equivalent of 1,000 jobs for Galway city, but what is far more significant is the fact that these jobs are in the medical device sector, which allows the town of Ballinasloe to attract additional investment from the two existing medical device hubs in Athlone and Galway,” the Minster said. Senator Maura Hopkins, of Fine Gael, said that she was delighted to see such a large number of skilled jobs which “will attract and retain immensely qualified and skilled people within this region.”