Timbmet acquired by Hadleigh Timber Group23 January 2017
The Timbmet Group has been acquired by the Hadleigh Timber Group, the owners of Meyer Timber.
The acquisition is believed to create a timber group with a turnover of more than £300m.
Hardwood specialist Timbmet, founded in 1942, becomes part of a group which also includes Panelco and Premium. Hadleigh said the acquisition was a strategic step forward to complement its existing operations. The main focus of the combined businesses, will be to “provide customer service at the highest level”.
Chris Rudd, the CEO of the Hadleigh Group, will immediately assume management responsibility for Timbmet and its subsidiaries.
“Whilst there will undoubtedly be a period of change I am sure with everyone’s co-operation and enthusiasm, we can continue and strengthen the reputation of Timbmet and the Hadleigh Group as a whole,” said Mr Rudd in a statement.
Timbmet won the TTJ Timber Trader of the Year Award 2016.