Latest news with #EricWallace
Irish Times
13-05-2025
- Business
- Irish Times
Mercury reports almost €114m profit
Profits at specialist construction group Mercury rose 55 per cent to almost €114 million last year, new figures show. Accounts just filed for the Dublin-based group, which operates across Europe, said revenues climbed 14 per cent to €1.8 billion in 2024. Operating profit grew 56 per cent to €113.5 million, aided by a strong performance in Germany, which contributed €580 million to sales. Mercury builds specialised facilities for the data centre, semiconductor and life science industries from 20 centres across Europe. READ MORE Its data centre building business contributed €1.55 billion to sales last year, with semiconductors adding €154 million and life sciences €81 million. Eoin Vaughan, chief executive, acknowledged that there were 'challenges ahead' but stressed that the company was confident about its outlook. 'Mercury has a strong record of adapting and delivering for our clients,' he said. 'Our projects and partnerships span year and annual results are only a snapshot of this wider context.' Mr Vaughan added that it remained focused on the long term. The company's chief executive pointed out that it was poised to sustain growth across its key three industries. Eric Wallace, chairman, said the results were a testament to the entire workforce across all its territories.
Business Wire
01-05-2025
- Business
- Business Wire
Denali Expands Compost Operations in Southeast with Acquisition of Wallace Farm
RUSSELLVILLE, Ark.--(BUSINESS WIRE)-- Denali, the nation's leading and largest organic recycling company, is proud to announce the acquisition of Wallace Farm, Inc., a family-owned composting, soil, and mulch products company operating two large-scale facilities in North Carolina. Wallace Farm recycles food waste, green waste, and other organics into high-quality compost, mulch, and soil products. The acquisition strengthens Denali's large and growing organic collection operations in the Southeast. Share The acquisition strengthens Denali's large and growing organic collection operations in the Southeast by adding organics processing capacity through the two Wallace compost sites. Additionally, the move will support expanded production and distribution of Denali's sustainable soil products, including the ReCirculate ® bagged compost and soil product line. Wallace Farm began commercial composting on the family's farm 30 years ago. The company has two facilities, a 75-acre operation in Huntersville, near Charlotte, and a 162-acre facility in Advance, near Greensboro/Winston Salem. 'We're pleased to welcome Wallace Farm and its team to the Denali family,' said Todd Mathes, CEO of Denali. 'We look forward to continuing their operational excellence and building on their strong regional presence to further our commitment to building a resilient circular economy by transforming organic waste into renewable products.' With the addition of Wallace Farm's facilities, Denali now operates a network of 26 composting sites across the U.S., leveraging innovative technology to maximize organic waste landfill diversion. The acquisition also reflects Denali's broader strategy of building a robust, integrated system as the market leader in organics recycling. 'I'm proud of my family's legacy in the communities we serve and joining Denali, which shares our family values, goals, and high standards of quality and customer service,' said Eric Wallace, President of Wallace Farm, Inc. 'This is an exciting next chapter for Wallace Farm because we've always believed in the power of growing a greener environment, and with Denali's scale and vision, we can take that positive impact even further.' About Denali Denali is the leading and largest organic recycling company in the U.S. on a mission to replenish the Earth by repurposing waste. Our work is essential to keeping water clean, reducing the need for new landfill capacity, building soil fertility, helping farmers be more resilient, and reducing society's reliance on fossil fuels. Our services and products touch thousands of acres, hundreds of locales, millions of tons of material, and nearly every person who purchases and consumes food in the U.S.
