Tue, 03 Jul 2018 | MERGER
Timber manufacturer Thornbridge Sawmills has merged with Rembrand Timber in Scotland, growing its distribution operations to 35 branches across the North of England and Scotland increasing its revenues to more than £100 million.
The English company previously merged with Northallerton-based NYTimber in February 2018, and was incorporated into private equity firm Cairngorm Capital Partners’ portfolio in November 2017. Thornbridge’s new partnership with its Scottish counterpart was supported by investment from Cairngorm.
Rembrand, which conducts manufacturing, importing and distributing operations across Scotland, achieved revenues of roughly £50 million in 2017 through its 20 branches in the region, and staff of 288 people.
The merge between the two companies has expanded its employee base to north of 600 staff members.
The managing director and founder of Rembrand George Low’s retirement was the inspiration behind the merge, but has said he will continue to work for a short while longer to ensure the smooth and efficient transition of the business.
Rob Barclay, previously the group managing director of construction suppliers SIG, joined Thornbridge as the chief executive.
He said: “The group is at a really exciting point in its development, with the ability to capitalise on numerous options for growth. Although we have ambitious goals to fulfil, with strong investor support, our exceptional products, first-rate employees and a well-deserved reputation for superior service, these are very achievable. I look forward to leading the next phase of development.”
This investment opportunity involves two businesses operating under one group: one specialising in construction and the other in recruitment services tailored for the construction sector.
Established in 2010, this relocatable e-commerce venture operates two distinct platforms: a Scandi neutral home décor offering, and a specialist in stylish functions table decorations. Operating out of a 1300 sqft leased warehouse near Birmingham air...
This is the proposed retirement sale of a decades-old company which has carved out a niche in B2B supplies to a range of commercial businesses throughout the UK and across the world.
17
|
Apr
|
Hoxton Capital Management targets more M&A after double acquisition | BUSINESS SALE
International independent financial advisory firm Hoxton Cap...
17
|
Apr
|
Bristol printing firm rescued in pre-pack deal | BUSINESS SALE
A printing company based in Bristol has been saved after bei...
17
|
Apr
|
South Wales merger creates property and business finance services portfolio | MERGER
The merger of two firms based in South Wales has created a c...
22
|
Aug
|
Multi-service firm kicks off acquisition drive with HR company deal | BUSINESS SALE
Leading South East multi-service law and HR firm Loch Associ...
04
|
Sep
|
Private equity fund acquires Kent signage business | BUSINESS SALE
Private equity fund Elaghmore has completed the acquisition ...
14
|
May
|
Sixth Signature Living hotel company goes into administration | ADMINISTRATION
Signature Living Coal Exchange Limited, the company behind t...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.