National Timber Group expands further with strategic acquisition of Hymor Timber3 March 2021
The National Timber Group (NTG) has acquired Hymor Timber Ltd, a £4.5m annual turnover (2020) timber merchant located in Stoke-on-Trent.
Investor Cairngorm Capital Partners supported NTG’s acquisition of Hymor, which was established in 1990 and employs 28 people, serving customers across Staffordshire and the surrounding area.
The company has a strength in hardwoods and modified timber, extensive processing capability and an expertise in meeting bespoke client requirements.
Hymor’s acquisition was initiated by the owners’ succession planning.
NTG said the transaction was “highly complementary and strategically beneficial”. Hymor fills a geographic gap in NTG’s existing branch network and creates an additional hardwood centre of excellence, serving the Midlands and the North West.
It complements the product offering of NTG’s specialist hardwood depot in Hull that serves Yorkshire and the Humber.
Hymor’s founders/executives: Graham Morris, Roger Malkin and Chris Hyde will work with Rob Barclay and Patrick Guest, NTG’s chief executive and managing director for England, to achieve its successful integration into the Group.
“Together, we will increase our offering in the important hardwood timber category and extend our range of services in the Midlands and the North West, improving our customers’ experience,” said Rob Barclay, group chief executive of NTG.
“As founders, Graham, Chris and I are extremely proud of all that we have achieved so far,” added Roger Malkin.
“We know that Hymor is capable of achieving much more. So, our priority was to find a partner with shared goals and values who would help it to fulfil its future potential.”
This is Cairngorm Capital’s 31st proprietary investment since 2016 and is an example of the firm’s expertise in supporting the transition of businesses from founders, families, and long-term private owners to new custodians.
NTG also comprises Arnold Laver, North Yorkshire Timber, Thornbridge and Rembrand Timber