Wed, 02 Jun 2021 | MERGER
Endless portfolio company BSW Group, one of the UK's largest integrated forestry and sawmilling businesses, has announced that it has acquired a £30m-turnover timber business.
Bayram Timber, an East Yorkshire timber processor and manufacturer, was established more than 20 years ago and has become one of the UK's leading suppliers for the caravan, leisure home and garden sectors.
Operating from a 17 acre site in Melton, the company boasts annual sales of £30 million. The acquisition of the business takes the combined turnover of the BSW Group to over £580 million. BSW now plans to undertake a significant investment program in the site with views to increasing capacity and broadening the capabilities of the timber business.
Commenting on the acquisition, Tony Hackney, chief executive at BSW, said: "We are very pleased to be strengthening our position in the value-add timber market by acquiring Bayram.
"The opportunity to enhance our supply chain, and additionally widen our product offering is exciting. This represents another major milestone in the growth of BSW and provides our customers with a more robust and broader range of products."
BSW was founded in 1848 and is based at its headquarters in Earlston, Scotland. It was acquired by Endless in February 2020.
Aidan Robson, partner at Endless, confirmed the purchase of Bayram will help BSW with its ongoing growth strategy. He said in a statement: "This is the third acquisition by BSW in six months and takes the business to over £580m turnover. We look forward to working with Geoff, Chris Husband and the wider Bayram team to further grow the business as part of the BSW family."
Imports and distributes contemporary and traditional central heating radiators and towel warmers for clients throughout the UK and Ireland.
LEASEHOLD
Bunker trader and supplier of marine fuels and liquids. Extensive network of global clients. Highly competitive prices ensure repeat custom for the long term.
Imports and distributes active pharmaceutical ingredients (APIs) for clients throughout the UK and internationally. Supplies its products to both SMEs and large multinational organisations.
LEASEHOLD
|
16
|
|
Jun
|
Competition watchdog approves sale of Asda petrol stations | DIVISION SALE
The UK competition regulator has accepted an offer from pros...
|
16
|
|
Jun
|
Tenzing portfolio company makes fourth acquisition in eight months | BUSINESS SALE
Outsourced payroll services company Online Payrolls has been...
|
15
|
|
Jun
|
UK events firm and promoter acquired as industry sets sights on reopening | BUSINESS SALE
German firm DEAG has purchased a 90 per cent majority stake ...
Sign up to receive our acquisition alert emails to get your FREE guide
|
11
|
|
Jun
|
Menzies Distribution continues growth with JBT acquisition | BUSINESS SALE
Menzies Distribution, which is backed by private equity firm...
|
02
|
|
Dec
|
Private-equity backed firm acquires timber processor and distributor | BUSINESS SALE
BSW Group, which is backed by private-equity firm Endless LL...
|
05
|
|
Nov
|
Food giant confirms talks over Hovis sale | BUSINESS SALE
Premier Foods has confirmed that it is engaged in ongoing ta...
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