Ireland-headed Glennon Brothers Group, a third-generation family-run wood processing business, has announced that it has entered into an agreement with Netherlands-headed SHV Energy Holding BV to purchase sawmilling company Balcas Ltd, subject to approval from the Competition and Markets Authority (CMA) in the UK and Competition and Consumer Protection Commission in Ireland.
Balcas operates a sawmill in Enniskillen, County Fermanagh, Northern Ireland, producing sawn timber products for the fencing, landscaping, agricultural, construction, pallet, and packaging sectors.
We look forward to welcoming the Balcas team onboard as part of Glennon Brothers, and to working with them to grow and develop the business in the years ahead, said Mike Glennon, of Glennon Brothers.
In addition, the business operates two renewable energy plants at Enniskillen and Invergordon, Scotland, which incorporate combined heat and power (CHP) and wood pellet production.
We are excited to be joining Glennon Brothers, a business with a deep-rooted history in the timber processing sector and values aligned to our own, said Brian Murphy, CEO of Balcas.
The value of the proposed transaction, which is subject to regulatory approval, has not been disclosed
The Group currently operates six business units out of five locations in Ireland and the UK that span sawmilling, pressure treatment, fencing, roof trusses, pallet, and packaging, and dried construction wood materials.
This is another milestone in Glennon Brothers’ history, which dates back to 1913 and we are thrilled to have Balcas join us on the journey moving forward, said Pat Glennon, of Glennon Brothers.