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Tricel continues growth strategy with latest acquisition

Killarney based Tricel Composites, part of the Tricel Group, has announced its latest acquisition with Dublin's MID GlassFibre Supplies Ltd.
Founded by Liam and Jacqueline Phelan, the company is well established and respected in the Irish market. It is strategically located in Dublin to complement Tricel's already solid position in distributing composite materials on the island of Ireland.
By acquiring a company specialising in marine and roofing, Tricel said that they are further strengthening their presence in this industry.
As part of the group's growth strategy, the move follows the recent acquisition of BioKube in Denmark and two acquisitions in the French market.
"We are delighted to have found the perfect partner in Tricel and to have the opportunity to further expand our operations within the Irish market," Liam Phelan of MID GlassFibre Supplies Ltd said.
Sean Ward, Managing Director of Tricel Composites NI, added, "to accelerate our development in Ireland, we have chosen to partner with MID GlassFibre Supplies Ltd, a major player in distributing composite materials with whom we share a similar corporate culture".
"With this acquisition, the company significantly strengthens its technical capabilities and composite distribution business in Ireland."
Robbie Larkin, Head of Distribution, said the acquisition forms part of the distribution growth strategy to strengthen their position as industry leaders.
"We are delighted to welcome Liam and his team to the Tricel Group and look forward to growing this business over the coming years."
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