Premier Forest Group has acquired distributor of panel and sheet products North East Sheets and Panels
Cardiff – CFI is pleased to announce that it acted as lead financial advisor to Premier Forest Group on its acquisition of NESP.
Premier Forest Group is one of the UK’s largest timber business covering importation, sawmilling, processing, merchanting and wholesale distribution of timber in the UK.
Established in 1997, North-East Sheets & Panels is a specialist manufacturer and supplier of made-to-measure doors, panels, cabinets and worktops to trade customers and retailers in the fitted kitchen, bathroom and bedroom sectors. The business is based in County Durham.
North-East Sheets & Panels’ capabilities in CNC machining and joinery complement Premier Forest Group’s other subsidiary, Decorpanel, in their specialised panel processing. This means that Premier Forest can further expand into the kitchen, bedroom and bathroom sector, in residential, commercial and public sector markets.
“This acquisition is the perfect fit for Premier Forest Products, as the synergies between the business and Decorpanel provide exciting opportunities for growth in the north-east and nationwide. North-East Sheets & Panels’ skills and expertise fit perfectly with our strategic goal of expanding value-add product categories, whilst the business will thrive by expanding its manufacturing capacity via Decorpanel and continuing to produce quality, made-to-measure doors, panels, cabinets and worktops.” said Terry Edgell, Co-founder and CEO of Premier Forest Products.
This transaction closed on 10 November 2023.
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UK-based timber company Premier Forest Products has acquired specialist manufacturer North East Sheets and Panels, expanding their offering of made-to-measure doors, panels, cabinets and worktops to trade customers and retailers in the fitted kitchen, bathroom and bedroom sector
This transaction was advised by:
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