ALG acted for SHV Energy on the sale of Co Fermanagh-based timber business Balcas to Glennon Brothers, subject to approval from competition regulators.
Glennon Brothers, owner of timber-processing plants in Ireland and Scotland, has agreed to buy Co Fermanagh-based Balcas from owner SHV Energy, subject to approval from competition regulators.
Balcas operates a sawmill near Enniskillen, making timber products used in building, farming and packaging, along with renewable energy plants at its Co Fermanagh base and in Invergordon in Scotland.
Glennon Brothers has sawmills in counties Cork and Longford and Troon in Scotland, which supply the Irish and British construction markets.
The acquisition of Balcas would expand Glennon’s reach into renewable energy, wood pellet production for fuel and products such as fence posts.
The ALG transaction team was led by Corporate partners Peter Stafford (Picture) and David Rowan.
Law Firms: A&L Goodbody;
Clients: SHV Energy N.V;