Sam McCauley chemist plans major growth

The new owner of Sam McCauley Chemists which operates 30 chemists and an online store plans to aggressively expand the chain after paying around €50m for a significant majority stake in the firm.

Equity fund The Carlyle Cardinal Ireland Fund has indicated it aims to double the sales of the group, which posted a turnover of over €74.78m in 2015, by growth and acquisitions.

Samuel McCauley, the main shareholder in the Co Wexford-based retailer, has retained a sizeable minority stake in the firm.