Tue, 06 Jul 2021 | BUSINESS SALE
Rubicon Partners has announced the acquisition of timber import, distribution and manufacturing firm Consolidated Timber Holdings Group (CTHG). The acquisition is the fourth investment that Rubicon has made through its Fund V.
Companies within CTHG include Compass Forest Products, Falcon Panel Products, Hoffman Thornwood, MBM Forest Products, MBM Specialty Forest Products and Triesse. The group began with the founding of Compass Forest Products in 1985, followed by the formation of Falcon Panel Products in 1986.
In 1990, MBM Forest Products was acquired, at which time Consolidated Timber Holdings was founded as the group’s parent company. Hoffman Thornwood was then acquired in 2000, before Triesse was taken over in 2013. MBM Specialty Forest Products was founded in 2009. CTHG took on its current form following an MBO in 2017.
The deal sees the highly acquisitive Rubicon Partners acquire 100 per cent of CTHG’s share capital with the firm facilitating an agreed ownership-management transition. Four of CTHG’s five director-shareholders will remain with the group post-acquisition to provide continuity and assist in the transition over a period of two years.
Announcing the acquisition, Rubicon Partners said that it had taken over CTHG due to the market opportunities that the deal afforded and the significant potential to grow the group through investment in both its distribution and manufacturing operations.
Rubicon Partners also cited the growing popularity of timber products in the UK’s residential and commercial construction sector due to the material's sustainability.
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Supplies and maintains a comprehensive range of lifting and safety equipment, serving customers in a variety of industry sectors. Has secured a multitude of approvals and accreditations, including ISO 9001 and ISO 14001 certification.
LEASEHOLD
An award-winning town planning consultancy operating for over five years. Offers a range of services including planning applications, planning appeals and general planning consultancy solutions.
LEASEHOLD
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