University Honour for Lord Ballyedmond
Lord Ballyedmond with wife Lady Mary at the graduation ceremony in Coleraine.
Lord Ballyedmond , one of Northern Ireland’s most distinguished businessmen today received an honorary degree from the University of Ulster at its summer graduations in Coleraine.
Known as Edward Haughey prior to his ennoblement in 2004, he was awarded a Doctor of Science (DSc) degree in recognition of his contribution to the development of the international pharmaceutical industry.
He is chairman of the Norbrook Group, which specializes in the development, licensing, manufacturing and marketing of veterinary and human pharmaceuticals and active ingredients for use in the pharmaceutical industry.
Along with three major manufacturing sites in Newry, the Group also has manufacturing, warehousing and distribution facilities in the USA, Australia, New Zealand, the Republic of Ireland, the Czech Republic, Kenya and Brazil. The Group employs more than 1,000 people in Northern Ireland and more worldwide.
Born in Dundalk in 1944, Lord Ballyedmond emigrated to the US for four years in the 1960s before returning home to found his pharmaceutical manufacturing business.
He was nominated to the Irish Senate by the then Taoiseach, Albert Reynolds in 1994 and again by Bertie Ahern in 1997. He was made a life peer in 2004 and took his seat in the House of Lords at Westminster as an Ulster Unionist before switching to the Conservative Party. He is the second person to have sat in the Upper Houses of the UK and Irish parliaments.
In the Sunday Times Rich List in 2008 he was ranked as the second richest person in Northern Ireland with an estimated personal fortune of £570m.