The Latest Headlines from Tricel IE
News Desk IE
6 May 2022
The Danish company Biokube A/S has been acquired by leading European engineering and composites company Tricel. Biokube is a leading manufacturer of packaged wastewater treatment systems in the Nordic regions, with a growing presence internationally in many key areas. In addition to this acquisition, Tricel has acquired two other international businesses in recent months to strengthen its market leadership.
Biokube A/S represents an excellent fit for Tricel’s Environment Division, which operates primarily in European markets (Ireland, the UK, France, Germany, and Belgium). With this acquisition, the Tricel Environment Division will expand its capabilities into new product and geographic markets, while Biokube will see increased investment, enhanced distribution, and a new customer base. As a standalone business within Tricel Environment, Biokube A/S will continue to operate in its current format with a key focus on business development.
Tricel is pleased to continue working with Biokube management and staff with Peter Sloth as Managing Director and Henrik Bebe as CTO. During a period of transition, we are also fortunate to have the support and involvement of the founder, Peter Tårnhøj.
Commenting on the acquisition: Peter Tårnhøj said: “We are delighted to have found our ideal partner and future custodian of our business in Tricel. We are confident that this will be a great partnership, and Tricel has already promoted the best of Danish engineering by bringing Biokube to new international markets.“
Commenting on behalf of Tricel, Mike Stack, CEO, said: “As with all our acquisitions, we are delighted to have found another European Union-based business of Biokube’s quality and capability. We intend to protect and nurture the excellent business built and continue supporting it throughout the next phase of its ambitious international expansion plan.“
About Tricel group
Tricel is a family-run business started in 1973 by Anne Stack & Con Stack out of a small lane in Killarney. The company initially produced products from glass-reinforced plastics (GRP) for the local community. Through a comprehensive growth strategy throughout the ’90s and ’00s, the company expanded its exports, followed by several successful acquisitions to establish manufacturing facilities throughout the UK and Europe.
Tricel, led by the Stack family, offers market-leading solutions to over 50 countries. Markets that the company serves include storage tanks, pumps, sewage treatment tanks, construction products, and lubricant distribution.
The Tricel Group, which has its headquarters in Killarney, comprises of 12 companies across Europe, with six manufacturing operations. It employs more than 600 people at these locations. The company has grown domestically and internationally through local manufacturing, exports, distribution agreements with local partners, and selective acquisitions of companies that enhance its product capabilities and geographic reach.
As a result of its 50 years of successful operations, the company has established leading market positions in both the wastewater and water storage market. In the next five years, the company’s roadmap for growth will continue to be based on three main pillars: Customer Excellence, Innovation & Sustainability.