Sarcon’s trading subsidiary, IJK Timber, traded as IJK Timber and Northern Hardwood and operated from two sites in Belfast and Dungannon, in Northern Ireland, offering a comprehensive range of panel products, softwoods and hardwoods.
The business, which had a turnover of £8.8m and EBITDA of £507,000 for the year ended September 30, 2020, was founded in 1799 as Irvin Sellers.
"We see a great opportunity to further grow and develop our products in Northern Ireland, which will complement our Abbey Woods business in the Republic of Ireland and the business we do into Ireland from Leeds,” said Lathams.
"We have known the IJK directors, Graham Knox and Peter Elwood, for many years, and are excited to be working with them and the whole IJK team and welcome them to the Latham family."