Enterprise Ireland
Annual Report and Accounts 2005
Annual Report and Accounts 2005
NutriScience, a highly innovative company based in Waterford, is at the cutting edge of product development in nutriceuticals for animals. It exports to 15 countries worldwide with €1.7 million in export sales. In 2005, with Enterprise Ireland’s assistance, the company entered the United States market for the first time and launched a major sales drive in Scandinavia and Europe. In less than six months from market survey to order placement, NutriScience signed two new contracts with Swedish companies and has another in the pipeline for Spain and Portugal.
Founded in 1999 by locals Louise Grubb, Clare Hughes and John Brennan, NutriScience develops and manufactures nutriceuticals, or functional foods, for the Equine, Companion Animal and Racing Greyhound sectors. Due to the expertise of its founders - a vet, a pharmacist and a nutritionist - the company is uniquely placed as a leading innovator in product development in its sector.
In 2005, the company launched its Pet Clinic range of products: On the Move, a range of gel supplements for the equine market, and Kalm Aid, a new calming product for dogs. The company is due to launch more products in the coming year, including a muscle-boosting product for the performance equine sector.
Louise Grubb, founder, thinks Waterford is an excellent location for such an expanding international business. She says:
“We are delighted to have been able to set up our business in Waterford, which is a great city to live and work in. Commuting to work is generally short and hassle-free. The city itself has made tremendous strides to improve its presentation in recent years and the success of Waterford Airport for trips to the United Kingdom is really fantastic.”
NutriScience has ambitious growth plans which are already bearing fruit since the appointment of its CEO, Billy Power, in early 2005. The company currently employs 11 people and, over the next two years, plans to expand into a new state-of-the-art facility on a green-field site. Projections show that by 2010 the company hopes to have exports in the region of €8 million.
www.nutri-science.net (link opens in a new browser window)
