TTF and BWF joint company proposed

23 July 2014


The Timber Trade Federation (TTF) and British Woodworking Federation (BWF) have sent out a memorandum of understanding (MOU) for consideration by their respective members, proposing the formation of a joint company headed by a single chief executive.

The latest move follows comments from TTF president Stephen King at organisation's recent AGM about the two bodies increasing their co-operation.

In line with the TTF's support for more unified timber supply chain representation, he said, it was "open to a possible closer working relationship".

The MOU stresses that the two would continue as separate entities, with no dilution of respective roles.

But a new company would 'bridge' the bodies, with a board comprising up to three representatives each from the TTF and BWF governing bodies.

While serving the specific interests of their membership , the BWF and TTF teams would work closely together and collaborate on "complementary activity" and "amalgamation of core activities".

The MOU says the chief executive of the new company would also be joint chief executive of the TTF and BWF, supported by heads of woodworking and timber trade.

"This is about linking up two strong, well-established organisations, both in good financial shape, who are growing and developing well to further enhance what we do," said BWF chief executive Iain McIlwee.

"It's a very exciting opportunity," said Mr King.

"I believe this will raise the profile and understanding of the benefits that the timber supply chain provides to the economy, environment and individual customer sectors," he added. "It could drive research and enable projects to influence policy makers, improve market development and supply chain interaction and aid collaboration to resolve common problems and grow markets."

There remained "a lot of detail to work through", said Mr King and at this stage it was about consulting the BWF and TTF memberships.

"If there is sufficient support we hope to sign the document by the end of August," said Mr King.