News
Tricel announces further expansion by acquiring Gem Oils
Killarney company Tricel has announced Gem Oils Ltd in County Cavan as its latest acquisition.
Founded in 1962, Gem Oils is a reputable family-run business that has been operating in the Irish lubricants market for over 60 years.
Gem Oils specialise in the supply of lubricants, greases and related products. The industries they serve include automotive, agricultural, industrial, food & marine and commercial.
Gem Oils combine industry expertise with exceptional technical ability to deliver high quality lubricants competitively in the marketplace.
Gem Oils provide businesses with effective lubrication solutions based on their many years of experience in the industry. As a company that owns and operates its own transport fleet, Gem Oils offers its products and services across the island of Ireland from its extensive storage facility located in County Cavan. This facility provides the largest storage capacity for lubricating oils in the country.
“A family-owned business is a natural fit with our company” Helen Milligan, Managing Director of Gem Oils explained. "A group as diverse as Tricel gives us the welcome opportunity to take our operations and product offerings to the next level. Gem Oils is committed to providing excellent customer service, quality and value to our customers. Our business growth and success are largely driven by meeting the needs and expectations of our customers, in addition to maintaining professionalism and being responsible to the larger community. Gem Oils look forward to continuing to make this our top priority into the future within the Tricel Group."
Mike Stack, CEO of the Tricel Group, said: "This acquisition enhances our position in the Irish lubricant market, allowing the Tricel group to gain access to new markets, expand its distribution networks and enhance its technological capabilities. Tricel's Head of Distribution, Robbie Larkin, stated that "the commitment of Gem Oils to providing outstanding customer service and recognising the unique nature of each customer relationship is aligned with Tricel's core values, which makes this acquisition an exciting opportunity for the division."
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