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Head of NI drugs giant Almac dies | Head of NI drugs giant Almac dies |
(20 minutes later) | |
The prominent industrialist and philanthropist Sir Allen McClay, 80, has died in the United States. | The prominent industrialist and philanthropist Sir Allen McClay, 80, has died in the United States. |
He is survived by his wife Heather, who he married in hospital the US in November last year. | He is survived by his wife Heather, who he married in hospital the US in November last year. |
Sir Allen, who qualified as a pharmacist in 1953, established his first business, Galen, in 1968. | Sir Allen, who qualified as a pharmacist in 1953, established his first business, Galen, in 1968. |
It became a world-leading pharmaceutical and biotech company and made Sir Allen a multi-millionaire and one of Northern Ireland's richest men. | It became a world-leading pharmaceutical and biotech company and made Sir Allen a multi-millionaire and one of Northern Ireland's richest men. |
He established Galen in 1968 and floated the company on the London and Dublin stockmarkets in 1997, establishing the first £1bn company in Northern Ireland and his own personal fortune. | He established Galen in 1968 and floated the company on the London and Dublin stockmarkets in 1997, establishing the first £1bn company in Northern Ireland and his own personal fortune. |
In September 2001, he retired as President of Galen Holdings which later changed its name to Warner Chilcott. However, he soon bought back five divisions and established a new company, Almac. | In September 2001, he retired as President of Galen Holdings which later changed its name to Warner Chilcott. However, he soon bought back five divisions and established a new company, Almac. |
It became a successful company in its own right, employing thousands of people in the pharmaceutical industry. | It became a successful company in its own right, employing thousands of people in the pharmaceutical industry. |
It is based in Craigavon, County Armagh with other facilities in Scotland, England and the United States. | |
He was knighted by the Queen in 2005. However he was known to be humble about his success and wealth. | He was knighted by the Queen in 2005. However he was known to be humble about his success and wealth. |
Two years ago, he told The Scientist magazine that "when they say Sir, I look behind me to see who they are talking to". | Two years ago, he told The Scientist magazine that "when they say Sir, I look behind me to see who they are talking to". |
Last year he redirected a significant slice of his wealth into cancer research, setting up the McClay Foundation to unite industry and academia. | Last year he redirected a significant slice of his wealth into cancer research, setting up the McClay Foundation to unite industry and academia. |
The McClay Foundation and Sir Allen became sole shareholders of the Craigavon-based Almac Group, which has a turnover of £167m. | The McClay Foundation and Sir Allen became sole shareholders of the Craigavon-based Almac Group, which has a turnover of £167m. |
He was one of the largest supporters of Queen's University in Belfast, personally donating around £20m. |