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John Simpson

Pharma firm Almac powers ahead to top list of profit makers

John Simpson



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Almac's headquarters in Craigavon

Almac's headquarters in Craigavon

Almac's headquarters in Craigavon

Almac Group, headquartered and controlled in Craigavon, has now become Northern Ireland’s largest profit-earning locally-controlled business.

The group has registered its trading accounts for the year to September 2019 showing that, on a turnover of £634m, pre-tax profits were £47.6m.

Almac, whose name was cleverly chosen to reflect the influence of its main founding investor, Sir Allen McClay, has steadily developed in the last decade, first, advancing its scientific expertise with the help of senior academics at Queen’s University and, second, expanding its operations with over 20 subsidiary companies in the USA and, more recently, eight subsidiaries registered in Ireland. 5,600 people are employed, world-wide, by the group and are based in 18 different facilities across Europe, the USA and Asia. The Almac Group operates within the McClay Foundation.