6 | UK News
Hadleigh Timber Group acquires CP Timber
Leading hardwood importer CP Timber has been acquired by the Hadleigh Timber Group.
The move, announced on November 4, sees Hadleigh strengthen its position in the timber sector.
Founded in 1998 by Chris Powell, CP Timber brings a wealth of expertise and is renowned for sourcing high-quality hardwood and softwood timber, extensive stock holdings and a dedicated team. Christopher Rudd, CEO of Hadleigh
Timber Group, expressed enthusiasm for the acquisition. “Having worked with Chris Powell and his team for several years, we are delighted to welcome CP Timber into our group,” he said. “We will ensure a smooth transition for our teams, customers, and suppliers. Chris, of course, will continue to lead CP Timber and assist across the Hadleigh Group in his new role as timber director, ensuring ongoing success and growth as part of
Summit Timber Group formed in UK
times in the next stage of development of Cheshire Mouldings.
Above: Aerial view of Cheshire Mouldings’ facility
A new UK-based timber group has been formed by combining Hawthorn Timber and Cheshire Mouldings
The launch was announced on October 28, following the acquisition of Cheshire Mouldings, and sees former BSW Group chairman Tony Hackney take on the chairmanship of the newly-formed Summit Timber Group. Hawthorn Timber, based in Hull, supplies machined and treated softwood, panel products and cladding solutions across the UK and Ireland, while Cheshire Mouldings, located in St Helens, produces and distributes mouldings, stair parts, panelling, decking and joinery timbers, supplying the retail and merchant sectors. The Summit Timber Group will grow via organic investment in capacity, processes and products, while also growing via acquisition of strategically complementary businesses. The Group will focus heavily on good customer service.
“I felt that although I am very passionate about Cheshire Mouldings and its team, it was time to encourage growth in the company, which would need further investment and resource, which the Summit Timber Group can provide,” said John Carney, managing director of Cheshire Mouldings.
Richard Thompson, managing director of Hawthorn Timber, said there were exciting
Cheshire Mouldings will integrate with Hawthorn Timber, under the chairmanship of Tony Hackney. Jacquie Capper will continue as sales director of Cheshire Mouldings, while both Cheshire Mouldings and Hawthorn Timber teams will continue to manage the businesses, which continue as normal.
Summit Timber Group plans to consolidate its existing performance, to increase capacity and broaden the capabilities of the business group and its product offerings.
“The long-established names of Cheshire Mouldings and Hawthorn Timber will remain,” said Tony Hackney. “With our specialised focus on our current customer base and passion to grow we will be enhancing our capabilities to provide a full package. I am proud to be helping and providing support to this new Group and look forward to contacting my loyal customers, suppliers and business friends who over the many years in the trade have supported me.” Mr Hackney told TTJ that the Summit Timber Group is not an investment company backed holding company, but the Group had strong support from banks. He said Summit did not have ambitions of being a massive group but focusing on high quality service and products. Chris Husband, formerly of Bayram Timber and BSW, is joining as non- executive director and will help guide the sales strategy of the business. Hawthorn Timber recorded sales of £42.9m in the year ended December 31, 2023, with net profits of £5m. Cheshire Mouldings recorded sales of £37.8m and pre-tax profits of £2.3m.
TTJ | November/December 2024 |
www.ttjonline.com
our strategic vision. We’re both extremely excited to work together.”
Hadleigh Timber Group Ltd comprises
Panelco, Meyer Timber and Timbmet. It posted a turnover of £223m and pre- tax profit of £11.4m for the year ended December 31, 2023.
CP Timber recorded a turnover of £29.7m and pre-tax profit of £1m for the year ended April 30, 2023. It won the TTJ Hardwood Trader of the Year in 2021 and 2022.
Dresser Mouldings rebrands as Latham Timber Manufacturing
James Latham has announced the rebrand of its Rochdale-based timber mouldings and cladding specialist, Dresser Mouldings (Dresser) to Latham Timber Manufacturing (LTM).
This move is a key milestone in the James Latham Group’s strategic objective to bring all its subsidiaries in line with the overall family of brands, creating a holistic package that will straddle the distribution services supply chain.
James Latham acquired Dresser in 2019 to meet the rising market demand for machined mouldings and cladding. As LTM, the business will continue to deliver the same best-in-class services customers have come to expect, whilst benefitting from significant investment provided by the James Latham Group. This has been seen in the major upgrades made to plant equipment.
“Since James Latham acquired Dresser, they’ve provided incredible support to help enhance the business and broaden both our scope and ambition,” said David Johnson, general manager at LTM. To mark its new brand identity, James Latham has introduced a cutting-edge online tool: the James Latham Cladding Visualiser, which it developed with long-time design partner, Cyon Agency A powerful new platform, it builds on the success of the distributor’s award- winning Digital Showroom, providing architects, designers and contractors with an opportunity to see how its cladding portfolio looks in application, ahead of specification.
UK News
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