The company plans to hire new staff following a major cash injection
Dublin-based confectionary company Broderick’s has received major financial backing - securing €6.35m in new funding to expand its operations.
The company will add 40 additional jobs over the next 5 years as it increases its manufacturing capabilities.
€3.2 m of this capital came from the BDO Development Capital Fund - which invests in profitable export-focused businesses - Enterprise Ireland also contributed.
As well as satisfying sweet tooths, it also makes 'health' focused products packed with protein and gluten-free options.
This means a (somewhat paradoxical) "trend towards healthy and indulgent products" is fueling its growth.
The company plans to "expand production capacity to service increased demand for its products through the purchase of a 5,000 m² state-of-the-art manufacturing facility in Tallaght, Co. Dublin," while increasing its international distribution network.
Broderick’s is in its second generation of family ownership and management, led by brothers Barry and Bernard - their mother Ina Broderick started the company in 1984.
Its goods are now sold in 25 international markets - it employes over 100 people.
Barry Broderick commented: "We are extremely enthusiastic about what Broderick’s can achieve with this investment and expansion. We have ambitious expansion plans and we are now positioned to implement them. We can also now tap into the expertise that comes with The BDO Development Capital Fund and the support of the Fund’s advisory panel.
"Both Bernard and I would also like to acknowledge and thank Enterprise Ireland for their continuous support through our international development."