Premier Forest Group has acquired Mon Timber
Cardiff – CFI is pleased to announce that they acted as exclusive financial advisor to Premier Forest Group in its acquisition of Mon Timber.
Premier Forest Group is one of the UK’s leading independent importers, manufacturers and distributors of Timber and Panel Products.
The Company is confidently forecasting that its annual turnover in the UK will have increased by 35% to circa £120M, and that profits will have jumped from £8.8M to over £20M.
Mon Timber is a successful and well-respected supplier of timber products, joinery, and roof trusses across the region, operating from three sites between Newport and Cardiff. With a customer base rooted in construction and joinery, the business has developed an excellent reputation for service and expertise, something that aligns well with Premier’s own ethos.
Terry Edgell, Co-Founder and CEO, Premier Forest Products said: “Acquisitions sit at the heart of our five-year strategy for growth, but they have to be the right choice for us. So, when I received a positive reception to our approach to Mon Timber’s shareholders, I was delighted. This purchase constitutes an excellent fit for Premier, dovetailing neatly into our ongoing plans for diversification and vertical integration, with each business being able to benefit from the strengths of the other.
“Mon Timber will further extend Premier’s product portfolio and service capabilities, whilst Premier is able to bring clear benefits of scale, both financially and through its substantial distribution and purchasing network.
“We have no doubt that our shared resources will unlock further potential for both businesses, benefitting employees, customers and suppliers alike.”
“This is the most exciting phase in the company’s development since its launch in 1993. Success breeds success, and we have a clear vision of where we want Premier to go. Bringing the Mon Timber brand into the Premier group is another significant step towards realising that ambition.”
This transaction closed on 29 March 2022.
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