The Belfast Telegraph, in association with airline BMI, has named the Almac Group, based in Craigavon, Northern Ireland, with further sites in the UK and US, as "Business of the Year".
Competing against the cream of Northern Ireland's business talent, Almac was recognised for its contribution to the knowledge economy, and growing success in global markets despite the economic downturn.
Almac picked up the "Business of the Year" accolade after also winning the "Excellence in Exporting Achievement" category. Export sales generated 70% of Almac's turnover in 2008.
Almac Group chief executive Alan Armstrong said: "Winning the "Excellence in Export Achievement" award was a great accomplishment for Almac at Northern Ireland's main business awards, but to be recognised as our local economy's top business will be remembered as a milestone in Almac's development for many years to come."
He said the company's strong growth was testament to its focus on innovation, quality and the dedication of the entire team. The number of staff employed by Almac in Northern Ireland rose by 15% to 1,428 in 2008 and in the US by 10% to 762, and so far this year a further 180 people have joined.