Accsys Technologies completed the acquisition of Tricoya from Ineos and Medite Europe.

Accsys Technologies, a United Kingdom-based company, which produces and sells Accoya solid wood and Tricoya wood elements in the United Kingdom, completed the acquisition of Tricoya, a specialty retailer, from Ineos, a global chemical company, and Medite Europe, a carpentry services provider. Financial terms were not disclosed. “Accsys is pleased to take over 100% of the Tricoya project. This provides us certainty over the project, gives us full control and the ability to complete the construction on our terms, at the right time. Whilst that time is not right now, the validation work undertaken has demonstrated that the opportunity to produce Tricoya® at attractive margins in the future remains strong. We are also pleased to move ahead with the continued support of INEOS and Medite as supply and offtake partners," Rob Harris, Accsys CEO.