Randox Laboratories has confirmed that they have acquired the former Massereene Barracks site in Antrim.
As the Times reported earlier this month, the sale of the 17-hectare site had been completed, although the new owners had not been revealed at the time.
The Crumlin company has this week confirmed it has bought the site, which had been on sale with an asking price of £4million.
A spokesperson for Randox Laboratories said: “We have purchased the site and will be giving due consideration to its use as we go forward.”
Local councillor Adrian Watson described the sale of the site as the “biggest acquisition” in the borough for “many, many years”, adding there was real potential for a major boost to local employment.
“I believe there will be significant employment opportunities,” Cllr. Watson said.
He added: “I’m particularly delighted that the buyer has shown such a vote of confidence in the borough for their business.”
The news of the sale of Massereene Barracks to Randox has also been welcomed by Alderman Drew Ritchie.
Ald. Ritchie spoke of his “delight” that the successful and world-renowned health and Medical Diagnostic business has purchased the site in Antrim.
“Without doubt it shows the confidence the firm has in the town and in the ability of local people to help develop its business interest,” Ald. Ritchie said.
He added: “It’s a site with great potential and Randox I am sure will develop the area in a way that will benefit themselves and the people of town and beyond.
“It’s great news coming at the beginning of another New Year for our Borough.”
In 2009 dissident republicans shot two soldiers dead at the gates of the Army base as they collected a pizza order. Sappers Mark Quinsey and Patrick Azimkar were preparing to leave for a tour of duty in Afghanistan when they were attacked by members of the Real IRA.
The barracks, which had been home to 38 Engineers, closed in 2010 as part of Ministry of Defence re-structuring measures with the regiment moving to the former RAF base at Aldergrove.
A memorial to the murdered sappers that had been erected inside the base has been moved to Aldergrove.