16 August 2016
16 August 2016
Tricel has strategically expanded the company’s position within the UK fibreglass market through the acquisition of Glasplies, which is an already established supply and distribution operator for this sector.
According to Tricel, this latest acquisition is in Merseyside in Southport, UK, where it will serve to strengthen an already successful and extensive network of operations.
As well as being a highly established supplier of products for the more traditional fibreglass markets, such as moulding and boat building, Tricel says that Glasplies also distribute a range of specialist products for roofing and other custom applications. Tricel says its latest addition will act as a distribution gateway between an already established presence in both the South and the North of the country.
The Head of Materials Division for Tricel, Mr. Robbie Larkin, commented on this latest move by the company by stating, “We are delighted to welcome Glasplies to the Group. The acquisition of Glasplies is part of Tricel’s and the Materials Division’s growth strategy. With over 50 years’ experience in fibreglass distribution, Glasplies strengthens our position in the fibreglass market in the UK and Ireland. With this purchase comes the wealth of experience and insight which Glasplies has developed and earned over many years of successful operations. Such elements and attributes are highly prized and can only add innovative value to the development of Tricel’s overall operating strategy within the regions.”
Earlier this year the company also acquired Fiberglass Supplies (Leeds), and along with its most recent acquisitions and existing distribution centres in Newry and Gloucester, Tricel says it has established a very strong presence in fibreglass distribution markets throughout the UK and Ireland.
Consequently, this move is the latest in a series undertaken by Tricel in order to further its growth strategy in the lead up to 2020. In recent months the company has made an addition of a second manufacturing site based in the South of France which extends its Environmental Division. This move was necessary in order to meet the growing demand for the range of Tricel products.
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North Thin Ply Technology (NTPT) and Richard Mille have signed a long-term collaboration and exclusive supply agreement. The new multi-year contract will see NTPT develop and provide its lightweight thin ply materials exclusively to Richard Mille for horology, jewellery and luxury stationery items.