Newport-based mostly Leading Forest Products and solutions has additional expanded with the acquisition of Monmouthshire Timber Materials.
Mon Timber, a provider of timber goods, joinery and roof trusses, operates from three web pages in South Wales.
The acquisition of Mon Timber even further extends Leading Forest’s products portfolio and provider capabilities. The value of the deal has not been disclosed.
Terry Edgell, main govt and co-founder of Newport headquartered Leading Forest, said: “Acquisitions sit at the coronary heart of our five-yr approach for growth, but they have to be the appropriate choice for us. So, when I obtained a good reception to our strategy to Mon Timber’s shareholders, I was delighted. This obtain constitutes an excellent suit for Leading, dovetailing neatly into our ongoing designs for diversification and vertical integration, with each organization being capable to gain from the strengths of the other.
“Mon Timber will further prolong Premier’s products portfolio and service capabilities, even though Leading is in a position to carry very clear advantages of scale, both equally fiscally and via its sizeable distribution and purchasing community.
“This is the most thrilling section in the company’s enhancement considering the fact that its launch in 1993. Success breeds success, and we have a very clear vision of where we want Premier to go. Bringing the Mon Timber model into the Leading group is a further significant move in direction of realising that ambition.”
Cardiff-based mostly company advisory frim Gambit acted as direct advisor to Premier Forest Products and solutions and was responsible for initiating, negotiating and structuring the transaction. The Gambit deal team was led by Geraint Rowe (husband or wife), Sam Forman (director) and Michael Dunn (government).
Mr Forman said: “The acquisition of Mon Timber is an outstanding strategic fit for Premier Forest and will present sizeable future rewards and chances for both equally providers. It was a pleasure to advise Premier Forest on a further transaction.”
Acuity Regulation presented lawful tips to Premier Forest by means of Rachelle Sellek and Tom Saunderson.