A UK speciality pharmaceutical services firm is to develop a new facility in Dundalk.

Wasdell Group is to build a 70,000 sq ft greenfield facility on IDA's site in Mullagharlin, representing an investment of €30 million.

The project is supported by the Irish Government through IDA Ireland.

Minister of State for Employment and Small Business, Pat Breen TD, said it will create 300 jobs over five years.

Minister Breen said: "Wasdell's decision to locate this new operation in Dundalk bringing 300 new jobs to the town is a great vote of confidence in what Ireland has to offer, especially in a regional location. The Government has been driving job creation in locations which are away from the bigger cities, and this new operation in Dundalk is a great vindication of that policy. It will provide additional facilities and services for our thriving pharmaceutical sector. This project builds on the tremendous success we have had, in bringing new foreign project to Dundalk which has helped transform the economic standing of the town over a relatively short period."

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Martin Tedham, Wadell Group MD stated: "Due to the rate of growth we are experiencing and the ongoing requirement to maintain capacity, a site in Ireland will be a means to facilitate this as well as an exciting opportunity for the group and specifically the Wasdell Packaging division. We have always had a strong customer base in Ireland and we are certain that this trend will continue with the impending Brexit situation as companies typically from the UK and USA look to securing a base to service their European markets."

(CD/LM)