SAWMILL group Glennon Brothers is to buy rival Balcas in a deal to create a business with revenues of almost €270 million.

Glennon Brothers, owner of timber-processing plants in Ireland and Scotland, is buying the firm from the Dutch company SHV Energy.

Balcas operates a sawmill in Enniskillen, County Fermanagh, Northern Ireland, producing quality sawn timber products for the fencing, landscaping, agricultural, construction, and packaging sectors. The business also operates two renewable energy plants, at Enniskillen and Invergordon, Scotland, which incorporate CHP (combined heat and power) and wood pellet production. The deal is subject to approval from competition regulators in the UK and Ireland.

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Glennon Brothers has been operating since 1913 and has sawmills in the Irish counties of Cork and Longford, and Troon in Scotland, which supply the Irish and British construction markets.

Brian Murphy, chief executive of Balcas, said: “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.”

Mike Glennon, of Glennon Brothers, said: “We look forward to welcoming the Balcas team on board as part of Glennon Brothers, and to working with them to grow and develop the business in the years ahead.”

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