Thornbridge, a leading Scottish timber processing and distribution company, and North Yorkshire Timber (NYTimber) are announce that the two businesses have merged to form an enlarged timber group, supported by further investment from Cairngorm Capital Partners LLP. This transaction is the next step in the strategy to consolidate the UK value added timber distribution sector, as the company says in the press release received by Lesprom Network.
Following the merger, the enlarged group now has an established distribution network across Scotland and the North of England, served by a central manufacturing hub in each region, providing the platform for further growth. NYTimber's roofing solutions complement and extend the Thornbridge product offering, with customers now able to access a comprehensive range across timber, sheet, doorsets and roofing products.
NYTimber's senior management team will continue to lead the NYTimber business and Nick Kershaw, NYTimber Managing Director, will join the Group Board. David Cook, the founder of NYTimber, is exiting the business and expressed his delight that NYTimber can look to realise its full potential through new investment in an enlarged timber group.
Thornbridge and NYTimber will continue to be headquartered in Grangemouth and Northallerton respectively and both businesses will continue to trade under their existing brands. The enlarged group will have 15 branches across the UK, generating revenues of over GBP 50 million and employing over 360 people.
Established in 1979, North Yorkshire Timber is one of the largest independent timber merchants in North Yorkshire and the North East of England.
