A Stoke-on-Trent-based processor and distributor of timber products with annual sales in excess of £130m has been acquired by an Endless-backed business.
BSW Group has snapped up SCA Wood UK’s Building and Supply Solutions from SCA Group.
SCA Wood UK operates from its headquarters and central distribution centre in Stoke-on-Trent, and has further processing and distribution capability in Melton, Welshpool and Cumbernauld.
The move comes after BSW acquired Dick Brothers in November.
Jerry Larsson, president of SCA Wood, said: “I believe that the business will further develop under the ownership of BSW and 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.”
Tony Hackney, chief executive of BSW, added: “We are very pleased to have been able to agree a common approach with SCA to acquire SCA Wood UK’s operations.
“This will significantly strengthen our position with our expanding customer base and allow us to offer a wider product offering and increased service levels.
“Through this acquisition, we will deliver a combined package of timber solutions adding to the security of supply for the market.”
Aidan Robson, partner at Endless LLP, said: “We are delighted to be supporting BSW with another acquisition only three weeks after completing the acquisition of Dick Brothers.
“This latest acquisition further vertically integrates BSW from seed to timber and now added value and distribution.
“BSW is going from strength-to-strength and this acquisition will take BSW to over £500m in turnover.”
BSW was advised by Walker Morris (legal), EY (Tax) and Willis Towers Watson (insurance). SCA Wood was advised by RPC (legal).