BSW has acquired the Building and Supply Solutions division of SCA Wood UK, which includes the manufacture and distribution of timber and associated products to the home improvement and builders merchant sectors.
This heralds the beginning of BSW’s growth strategy under the ownership of Endless LLP.
Tony Hackney, CEO of BSW, said: “We are very pleased to have agreed a common approach with SCA to acquire the UK operations, which will significantly strengthen our position with our expanding customer base.
“The opportunity to add value to our established products and widen the products we offer and distribute is extremely exciting. This major milestone in the timber industry provides our customers with a strengthened and broader range and will extend our excellent service provision.
“Through this acquisition, we will deliver a combined package of timber solutions adding to the security of supply for the market.”
Jerry Larsson, President of SCA, said: “I believe the business will further develop under the ownership of BSW. We will continue to supply raw materials into the UK market via BSW Timber, in addition to our existing Industrial Solutions import and distribution operation.”
Approximately 280 SCA employees in the UK will join BSW Timber as part of the transaction.
Units now joining BSW Timber from SCA are the headquarters and distribution centre in Stoke-on-Trent, planing and distribution centre at Welshpool, production and distribution facilities in Melton and distribution centre in Cumbernauld.
The combined turnover of the BSW Group will exceed £500m after the completed transaction.