Premier Forest Group has acquired panel processing business Decorpanel

Cardiff – CFI is pleased to announce that it acted as lead financial advisor to Premier Forest Group on its acquisition of Decorpanel.

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.

Decorpanel is a highly successful, specialised panel processing business.

Based in Tyne and Wear, Decorpanel was established in 1998 by owners Ian Ling and Anthony Hopps. The business operates on a four-acre site comprising 76,000ft² of warehouse and factory space, and employing 63 staff.

Terry Edgell, Co-founder and CEO of Premier Forest Products, said: “Decorpanel constitutes an excellent fit for Premier. It signifies further geographic expansion for us into the north of England, while simultaneously enhancing our processing and machining capability and capacity to meet growing customer demand.

“This acquisition is great news for our customers who will benefit from our shared expertise, and greater product range.

“We start 2023 full of ambitious growth plans and the purchase of Decorpanel stands us in good stead to reach our targets for the year.”

This transaction closed 3 February 2023

Related

• https://premierforest.co.uk/article/premier-forest-acquires-decorpanel/