Glennon Brothers has now completed its acquisition of Balcas from parent company SHV Energy (LPG) Holding BV. The transaction was subject to approval from both the Competition and Markets Authority in the UK, and the Competition and Consumer Protection Commission in Ireland.
Balcas was established in Enniskillen, Northern Ireland, in 1962, and consists of two divisions, Balcas Timber and Balcas Energy. Combined, the business has a turnover of c. GBP 108 million and employs 370 people.
In addition, the business operates two renewable energy plants at Enniskillen and Invergordon, Scotland, which incorporate CHP (Combined Heat & Power) and wood pellet production.
