Google, Facebook, and Apple have headquarters in Ireland, but what about the Irish companies that have spread their wings and gone global? Here, we look at 10 Irish companies that are making big noises, both at home and abroad.
CRH. Turnover: €18.9 billion. No. of employees: 75,706
We’re sure you’ve heard of CRH, but what exactly does it do? Cement Roadstone Holdings is a global market leader in the building materials market. A FTSE 100 and Fortune 500 company, it employs over 75,000 people at over 4,000 locations worldwide, and it also holds the title of Ireland’s biggest company. Founded in 1970, Roadstone and Cement Limited merged to form CRH. Since then, CRH has grown astronomically. In its infancy, the group had sales of c. €27m. More recently; CRH announced that sales for the first nine-months of 2015 reached €15.5bn. With a strong presence in Europe, North America and Asia, this industrial giant continues to go from strength to strength.
DCC. Turnover: €14.8 billion. No. of employees: 9,153
Development Capital Corporation (Now DCC), founded in 1976 by Jim Flavin, is an international leader in sales, marketing, distribution and services. Originally set up as a company that provided venture capital to startups, it completely changed direction and has diversified into four divisions: Energy, Technology, Healthcare and Environmental. DCC provides products, services, distribution and logistical support across all of these sectors, the oil distribution industry being particularly profitable. With a presence in 13 countries, and as one of Europe’s biggest distributors of gas and oil, expect DCC’s reach to expand outside of Europe.
Paddy Power. Turnover: €7 billion. No. of employees: 5,000
Whether you love it or hate it, no one causes quite a stir like this Irish bookmaker. Paddy Power was originally founded in 1988 when three bookmakers decided to merge their respective shops. Recognised as chief mischief makers, on social media in particular, the firm expanded phenomenally since it first ventured into the world of online gambling. Since forming, Paddy Power has completely changed its value proposition and has expanded overseas – Australia, France, United Kingdom and Canada. With revenues of €7bn, Paddy Power dominates the guerilla marketing arena with bold and outlandish stunts. This is a sure-fire way to drive engagement while also maintaining a remarkably lucrative and innovative empire.
Kerry Group. Turnover: €5.8 billion. No. of employees: 24,492
Since starting out as a dairy ingredients plant in Listowel, in 1972, Kerry Group has grown to become an international leader in the ingredients market while possessing an impressive portfolio, within the food, beverage and pharmaceutical industries. Now, Kerry Group, home to household brands such as Dairygold, Denny and Charleville and sponsor of Kerry GAA (main photo), has a presence in over 26 countries with operations spread across five continents. With revenues of approximately €5.8bn, its EMEA market accounts for 53%, America 33% and Asia/Pacific 14%. Embracing innovation, it recently opened a new €100m technology and innovations centre in Naas.
Musgraves. Turnover: €4.6 billion. No. of employees: 7,869
Ireland’s largest grocery distributor, Musgraves, was originally founded in Co. Cork in 1876 by Tom and Stuart Musgrave. With an annual turnover exceeding €4bn, Musgrave’s portfolio is impressive. Musgraves operates both the SuperValu and Centra brands in Ireland as well as Mace in Northern Ireland. While holding the title of the most profitable private company regarding turnover in Ireland, Musgrave has also established a presence in both Spanish and UK marketplaces.
Glanbia. Turnover: €3.5 billion. No. of employees: 5,202
Glanbia (‘pure food’ as Gaeilge) has certainly made an impact worldwide over the course of its short existence. Glanbia was formed in 1997 when Avonmore and Waterford Foods merged, becoming the fourth biggest dairy processor in Europe and the fourth biggest cheese producer in the world. Considering the size of Ireland, that is an amazing achievement. Glanbia, as of 2015, posted revenues of €3.5bn for the previous year. With an incredibly diverse portfolio that includes performance nutrition, cheese, dairy ingredients, and vitamins, with a presence in 24 countries worldwide, Glanbia is making waves right around the world.
Ryanair. Turnover: €5 billion. No. of employees: 9,500
Nothing, not even marmite, divides opinions like the Michael O’Leary led, low-cost airline. Originally, in 1985, Ryanair had a small operation transporting passengers from Waterford to Gatwick. Over the course of the year, Ryanair managed to transport over 5,000 people. Fast forward 30 years and Ryanair has over 80 million passengers a year with revenues of approximately €5bn. One man, in particular, was responsible for this transformation: Michael O’Leary. O’Leary observed how successful the low-cost, no-frills model adopted by SouthWest Airlines was in the US. By adopting cheaper fares, Ryanair would no longer focus on customer care; pricing was the most important factor. Presently, Ryanair serves 185 destinations and is a market leader in Europe. In the not too distant future, Ryanair may enter the transatlantic flight market.
Primark. Turnover: €3.8 billion. No. of employees: 4,000+
A firm favourite with Irish shoppers, Primark/Penneys has been established in Ireland for almost 50 years. In 1969, Primark opened its first store in Dublin. Today, Primark has over 270 stores in nine countries in Europe. More recently, Primark opened its first store in the US with a flagship store in Boston. Primark has built its reputation on providing the latest fashion at affordable pricing. The next stage of expansion will see Primark enter the Italian marketplace, with overall revenues expected to reach €4bn.
Smurfit Kappa. Turnover: €8.1 billion. No. of employees: 43,000+
The second oldest company to make the list, Smurfit Kappa’s rich history dates back to 1934 Dublin. From a general box maker in Rathmines, Smurfit Kappa has gone on to be a global leader in paper-packaging. It was 2005 that saw Jefferson Smurfit Group merge with Kappa Packaging to form Smurfit Kappa. Currently, Smurfit Kappa employs approximately 43,000 people in over 350 production sites across 33 countries. Their offerings, which are 100% renewable, are unrivalled within the paper-packaging industry. Smurfit Kappa’s history is quite interesting; much of their success is owed to the leadership of Michael Smurfit. Under his stewardship, the company expanded within Ireland and the UK. Smurfit was also responsible for acquisitions in Continental Europe, the U.S and Latin America. He is certainly responsible for the market position Smurfit Kappa holds today.
Stripe. €5 billion (valuation). No. of employees: 210
While this may be considered a controversial inclusion, (Stripe is headquartered and founded in the US) we’re claiming it as our own. A major disruptor in the payments industry, it was founded in 2010 by Limerick brothers John (pictured) and Patrick Collison. The Collison brothers have overseen an aggressive growth strategy, over the past five years, which has attracted the investment of industry giants such as Elon Musk and Peter Thiel. Visa’s recent investment in the company has resulted in its value soaring to $5bn. Stripe facilitates transactions between people and businesses over the web and is much easier to manage for businesses than any other offering currently on the market. Available in 23 countries, the world, it seems, is at Stripe’s feet.
Images courtesy of Sportsfile, Paddy Power, Ryanair, and EY.