International investment firm €50 million takeover of sam mccauley

A major international investment firm is believed to be in advanced negotiations to take a majority stake in the Wexford based Sam McCauley group.

According to weekend news reports the deal is worth in excess of €50 million. The pharmacy chain now has 30 stores in Ireland and was founded Enniscorthy in 1953 by the McCauley family. Owner Sam McCauley is on record as saying he intended to bring in an equity investor to drive the business froward over the coming years.