North London-based Lawsons (Whetstone) Ltd has expanded south of the Thames following its takeover of Woolwich Timber Ltd for an undisclosed sum.
The acquisition of the Plumstead-based softwood importer, merchant and treatment services provider on September 1 gives Lawsons a seventh branch in the capital.
A spokesperson for Woolwich Timber said the takeover was prompted by the decision of directors Nigel Bayman and Timothy Joyce to retire. He said: “It is a very amicable agreement that has been struck, so everyone is happy.”
|
“It is a very amicable agreement that has been struck, so everyone is happy” |
|
Woolwich Timber spokesperson |
The company, which started 30 years ago, is expected to change its name to Lawsons.
Lawsons, a builders/timber merchant and fencing manufacturer, already has branches at Whetstone, Harrow, Edgware, Highbury, Edmonton and Romford.
