UK News | 7
Glennon Brothers completes Balcas acquisition
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 (CMA) in the UK, and the Competition and Consumer Protection Commission (CCPC) 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 around £108m and employs 370 people.
Balcas Timber incorporates the sawmilling operation in Enniskillen, County Fermanagh, which produces quality sawn timber products for the fencing and landscaping, agricultural, construction and pallet and packaging sectors. In addition, Balcas Energy operates two renewable energy plants at Enniskillen and Invergordon, Scotland, which incorporate combined heat and power (CHP) and
the manufacture of Balcas Energy Wood Pellets. “We are delighted to have completed the acquisition of the Balcas business, which will enhance our overall product and service offering, as well as diversifying our route to market via Balcas’ Energy Division,” said Mike Glennon, joint managing director at Glennon Brothers. “This is a significant milestone in Glennon Brothers’ history, which dates back to 1913, and provides our customers with a broader range as well as increased overall production capacity for the future. This acquisition allows us to continue fulfilling our commitment to our customers of offering a one-stop-shop solution for sawn softwood across UK and Ireland.” “The opportunity to add value to our established supply chain and core business is extremely exciting,” added Pat Glennon, joint managing director. “We are thrilled to welcome the Balcas team into the Glennon Brothers Group, and are excited to start
working with them collaboratively, sharing ideas and developing best practice across the wider business. By adding Balcas to our existing business, it further enhances our capability to operate fully from forest to front door.”
Glennon Brothers has been at the forefront of green technology solutions within the sawmilling sector having invested in a CHP plant within its existing facility in Troon in 2016. The addition of two further CHP plants as part of the Balcas acquisition offer further synergies as well as reinforcing the business’s green credentials and overall commitment to sustainability.
“The team at Balcas are delighted to be joining the Glennon Brothers family of companies, and we look forward to exciting times ahead for the enlarged business,” said Brian Murphy, Balcas chief executive officer.
The official announcement was made upon signing on Friday, October 29.
Waste wood recycling and reprocessing company, Timberpak Ltd, has announced a significant investment into a site in Leeds. The six-acre site, on Cross Green Industrial Estate, will increase Timberpak’s waste wood capacity in order to meet the growing demand for recycled material from EGGER (UK) Ltd. This material is used to produce carbon negative chipboard at plants in Hexham and Barony, destined for the interior design and housebuilding industries.
Previously owned by Hesco Bastian Ltd, the new site is perfectly located to service Timberpak customers in Yorkshire and the surrounding areas. The investment reinforces the recycling company’s commitment to ‘make more from wood’ by storing carbon in waste wood that would otherwise be burnt or sent to landfill. Over the next nine months, the site will undergo an extensive fit out, with the installation of state-of-the-art picking and processing technology, to ensure the maximum amount of waste wood material can be processed. This investment will bring additional revenue to the area. The new site is strategically located to benefit the large furniture groups, civic amenity sites and industrial users, which are regular suppliers of waste
Timberpak purchases new site in Leeds Softwood supply catching demand, says TTF
wood to Timberpak. The purchase signals a commitment by the company to continually invest in the business and ensure a secure and sustainable long-term supply of recycled material. “Our new site will ensure we can maximise our output and protect one of our most valuable natural resources, wood,” said Mark Hayton, director of EGGER Timberpak Ltd. “It is a fantastic opportunity for us to fully support our customers with disposing of waste material responsibly and continue to grow our business.
“The recycled wood we supply to EGGER UK makes up 40% of a chipboard panel, which is 100% recyclable following use,” he added. “Our new site will offer additional processing and storage capacity to meet the demand from EGGER’s production sites.” Paul Mack from commercial property consultant, Gent Visick, supported Timberpak with the purchase of the site. In addition to the new site, Timberpak has invested over £1.9m across its four existing sites. This includes the acquisition of three Liebherr loading shovels, one Scania tractor unit, three Legras walking floor trailers, two Sennabogen electric 360 material handlers and 50 yard bins.
More than seven million m3 of timber and
panel products were imported by the UK between January and July 2021, according to the latest Timber Trade Federation (TTF) Market Statement.
This is nearly two million m3 above the
same period in 2020, and half a million m3 above 2019 levels – the UK’s last ‘regular year’ before Covid-19 – which is about an 8% increase.
These record-breaking volumes of imports reflect high demand for timber products with a strong RMI sector and a resurgent private housing market having kept supply on allocation.
Timber prices, and structural softwood in particular, experienced rapid increases over the course of 2021. “After a year of record production and nine months of near record structural softwood imports it is highly likely the UK is at a point where there is sufficient volume of wood at UK ports and in the UK timber supply chain to satisfy construction demand,” said Nick Boulton, TTF head of technical and trade.
For more TTF statistics, see p13.
www.ttjonline.com | November/December 2021 | TTJ
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