We are excited to announce that Gem Oils Ltd. has been acquired by the Tricel Group – a global engineering company headquartered in Killarney in County Kerry, Ireland.
We have come a long way since opening our doors in 1962. For over 60 years, we have been offering high quality Irish lubricants nationwide. This next chapter represents an opportunity to reach a wider audience while continuing to build on the relationships that we have developed with our customer base over the decades.
As a company, we have always been committed to delivering exceptional lubrication solutions to our valued clients. As has always been the case, our customers will continue to come first. With the support and backing of Tricel, we are now even better equipped to meet our customers’ growing needs.
“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.”
Tricel’s extensive portfolio and global presence provide us with the opportunity for growth and expansion. By joining forces, we can leverage their vast network and resources to improve our offerings and provide an even better level of service to clients, both old and new.
We want to express our gratitude to our clients, partners, employees and most importantly – you, our loyal customer. Your support has been instrumental to our success over the years. As a family business, we will always hold closely the values that made us what we are today. This acquisition will only strengthen our commitment to delivering outstanding results.
Mike Stack, CEO of the Tricel Group, explains: “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.”
The team at Gem Oils are excited about the future and we look forward to welcoming you on this journey.
About Tricel Group
Tricel is a multinational company that specialises in developing, manufacturing and distributing products across various sectors. Similar to Gem Oils, the business was initially a family-led enterprise. The company was founded in 1973 by Con and Anne Stack and has its headquarters in Killarney, Ireland, marking their 50th year anniversary in 2023.
From the beginning, the company produced glass-reinforced plastic (GRP) products. Throughout the 1990s and 2000s, it expanded exports and established manufacturing facilities throughout the UK and Europe.
The Stack family leads Tricel in providing market-leading solutions in over 50 countries. Among the markets the company operates in are water storage and fire suppression, pumping solutions and servicing, sewage treatment tanks, composite products, and lubricant distribution.
Today, there are 15 companies in the Tricel Group, including six manufacturing facilities. The company employs more than 600 people at these locations. A key strategy for the company has been to manufacture locally, export, partner with local distributors, and acquire companies that enhance its product capabilities and geographical reach. In the next five years, the company will continue to drive growth by focusing on Customer Excellence, Innovation, and Sustainability.