TG Eakin Limited is delighted to announce substantial growth of their business with the acquisition of a medical company in South Wales.
TG Eakin Limited was formed in 1974 by Tom Eakin and is now led by his two sons, Paul and Jeremy. The company employs 50 people just outside Comber, Northern Ireland and manufactures medical skin care products for use in stoma and wound care.
The products help patients who suffer from bowel diseases and have a stoma or wound, to avoid sore skin, substantially improving their quality of life.
The company has grown considerably in recent years. Export sales to over 25 countries worldwide account for 80% of the turnover.
The acquisition of Pelican Healthcare in Cardiff will allow the company to follow their proposed plan of growth and expansion. Pelican Healthcare employs over 120 people in Cardiff and manufactures a range of products which are complementary to the Eakin products. In addition, Pelican Healthcare also produces a range of products for feminine health. The company also has a strong UK distribution base.
Jeremy Eakin, Managing Director of TG Eakin Limited, is delighted with the deal. “This expansion is fantastic news for our company. The acquisition gives us access to a whole new range of products which will dramatically enhance our export growth while also providing us with a new well established UK distribution platform in Cardiff.
It also allows us to diversify into an entirely new area of feminine healthcare, meaning our company is no longer reliant on the one industry sector.”
The company has been actively pursuing a growth plan in recent years and this acquisition has been a key part of the plan. The company will now be in an excellent position to continue developing and manufacturing innovative medical products in Northern Ireland for patients worldwide. The combined resources will help to expand export sales significantly.
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