Chanelle Pharma is the Business & Finance Company of the Month May 2021, in association with KPMG
Chanelle Pharma, a manufacturer of generic medicines for human and animal health was founded in 1985 by Michael Burke. The company achieved sales of over €149 million to April 30th, 2021, an 11 per cent increase on the previous year.
It plans to create 60 jobs in Ballinasloe over the next five years as the company expands its distribution and manufacturing operations in Ireland. The company currently employs 570 people at its corporate HQ in Loughrea and also has offices and warehouses in Oranmore, Galway.
Initially, the company will relocate its Chanelle Pet distribution business from Loughrea to IDA Ireland’s Business and Technology Park in Ballinasloe. Chanelle Pet is Ireland’s leading pet food and pet accessories distributor, servicing pet, retail, veterinary and co-op markets in Ireland and the UK. It was recently named Pet Supplier of the Year by Tesco Ireland.
The €5 million investment by Chanelle Pharma in Ballinasloe will also see the company invest in warehousing and new manufacturing operations at the 65,000 sq ft facility. Chanelle Pharma will also convert the existing Chanelle Pet premises in Loughrea to a new 35,000 sq ft manufacturing facility.
Founder Michael Burke, one of 24 finalists in this year’s EY Entrepreneur of the Year awards said: “Chanelle Pharma continues to grow and our Loughrea HQ is now at capacity. Despite the global pandemic we continue to see strong market demand for both our animal and human health products.”
Our future delivery pipeline is extensive and we are continuing to invest in and improve our manufacturing operations to further increase our delivery performance to our customers.
Chanelle Pharma exports to 96 countries and supplies 10 of the top 12 human generic multinational companies in the world and 10 of the top 12 animal health multinational companies globally. It holds more than 1,900 product licences for human health products worldwide and 3,500 product licences for animal health.
Business & Finance, Company of the Month
Business & Finance, in association with KPMG, recognises excellence in business through the ‘Company of the Month’ award. The Company of the Month award recognises the company which best demonstrates outstanding business leadership, sustainable growth, innovative strategy, strong financial returns and employee development.