Sam Mc­cauley head of­fice to quit Wex­ford

Phar­macy group mov­ing HQ to Dublin to ac­cess greater pool of staff, writes Saman­tha Mc­caugh­ren

Sunday Independent (Ireland) - Business & Appointments - - FRONT PAGE -

PHAR­MACY chain Sam Mc­cauley Chemists is mov­ing its head­quar­ters from Wex­ford, where it has been based since it was founded in 1953, to Dublin.

The phar­macy chain was bought in a €50m deal last sum­mer by Car­lyle Car­di­nal Ire­land (CCI) a pri­vate-eq­uity part­ner­ship of US buy­out gi­ant, Car­lyle Group, and lo­cal in­vest­ment house, Car­di­nal.

Around 30 peo­ple are em­ployed in the com­pany’s head of­fice and the move is likely to be made by the end of March 2019.

Ac­cord­ing to the Wex­ford Peo­ple news­pa­per, staff were re­cently in­formed about the re­lo­ca­tion of its head of­fice from Ard­ca­van.

Sam Mc­cauley CEO Tony Mcen­tee, pic­tured, said: “We need to find a team of on­line mar­keters and we are strug­gling to re­cruit peo­ple lo­cally.

“As a busi­ness we need to grow and we need tal­ent to grow.”

The new own­ers have am­bi­tious plans for the busi­ness and have ear­marked €50m for ac­qui­si­tions in a plan to dou­ble the size of its busi­ness over the next three years. It is cur­rently the third-big­gest phar­macy chain in the Irish mar­ket and wants take on the two largest play­ers in the mar­ket, Boots and Lloyds.

In April, the com­pany, which owns and op­er­ates more than 30 re­tail phar­ma­cies na­tion­wide, ac­quired two phar­ma­cies in Dublin and Cork for a to­tal of €5m.

The two phar­ma­cies ac­quired were Life Phar­macy in Clon­dalkin, Dublin and Fer­moy Med­i­cal Hall in Fer­moy, Cork.

They had a com­bined turnover of over €5.5m, bring­ing an­nu­alised turnover for the group to ap­prox­i­mately €90m.

Group staff count will rise to more than 600 as a re­sult.

It is also in­vest­ing in dig­i­tal hav­ing re­cently launched a new app that will of­fer a click-and­col­lect ser­vice for cus­tomers.

Mcen­tee, who was formerly CEO of All­care Phar­macy Group and a fi­nance di­rec­tor of Life­style Sports, took over the reins from Patrick Mccor­mack when CCI bought the busi­ness in May 2017.

Sam Mc­cauley re­tained a mi­nor­ity stake af­ter the sale.

Other CCI in­vest­ments in­clude The AA Ire­land, Pay­zone (which is cur­rently for sale), Car­roll Cui­sine, Lily O’brien’s and Ab­tran.

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