Premier Forest Products announces another acquisition with the purchase of North-East Sheets & Panels Ltd. (NESP).
Established in 1997, North-East Sheets & Panels is a specialist manufacturer and supplier of made-to-measure doors, panels, cabinets and worktops to trade customers and retailers in the fitted kitchen, bathroom and bedroom sector. The business is based in County Durham, just a short distance away from Decorpanel, Premier Forest’s northern arm.
North-East Sheets & Panels’ capabilities in CNC machining and joinery complement Decorpanel’s specialised panel processing, and Premier Forest can further expand into the kitchen, bedroom and bathroom sector, in residential, commercial and public sector markets.
Anthony Hopps, Managing Director of Decorpanel, will be expanding his role to cover NESP as Division Director, driving the business forward within the Premier Forest framework. Richard and Lisa Williams, joint owners and directors of North-East Sheets & Panels, have taken the decision to step down from their current positions to begin their well-deserved retirement.
The deal was structured and completed with the support of Acuity Law providing legal counsel, Gambit Corporate Finance who supported the Premier Forest team throughout the deal process, and Kilsby Williams accountants, who conducted financial due diligence.
