Notice of Agreement : Glennon Brothers – Balcas 17th May 2021
Glennon Brothers, a third-generation family timber processing business, has entered into an agreement with SHV Energy to purchase Balcas Ltd, subject to approval from the Competition and Markets Authority in the UK and Competition and Consumer Protection Commission in Ireland.
Balcas operates a sawmill in Enniskillen, County Fermanagh, Northern Ireland, producing quality sawn timber products for the Fencing, Landscaping, Agricultural, Construction, and Pallet & Packaging sectors. In addition, the business operates two renewable energy plants at Enniskillen and Invergordon, Scotland, which incorporate CHP (Combined Heat & Power) and wood pellet production.
Mike Glennon, of Glennon Brothers commented: “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”.
Pat Glennon, of Glennon Brothers, commented: “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”.
Brian Murphy, CEO of Balcas remarked: “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”.
The official announcement was made upon signing on Monday the 17th of May 2021.