Timber products suppliers merge to unlock new opportunities
Two companies providing timber products have merged to form a national supplier.
Summit Timber Group has been formed by bringing together Hawthorn Timber, a Hull-based supplier of machined and treated softwood, panel products, and cladding, and Cheshire Mouldings, a St Helens-based manufacturer and distributer of mouldings, stair parts, panelling, decking and joinery timbers.
Summit Timber will look to continue growing and supporting its trajectory through organic investment in capacity and processes as well as acquisitions of businesses which align with the core values of the group.
The new combined group will come under the chairmanship of Tony Hackney.
Day-to-day business of both Cheshire Mouldings and Hawthorn Timber will continue to be overseen by the existing management structure of each company.
International law firm, Womble Bond Dickinson, (WBD) advised on the merger.
James Cook
The WBD team was led by partner James Cook, with additional support from managing associate Catherine Willis, associate Hannah Severgnini, and trainee solicitor Jai Thakrar on corporate matters, and partner Claire Kistner, managing associate Jake Unsworth, and Harshil Patel on banking requirements.
Cook said: “Summit Timber marks a landmark moment in the history of two leading players in the sector and by bringing these two companies together under one umbrella, it will unlock new opportunities for both while consolidating their strong position within the market.
“It’s been a pleasure bringing a full service offering to the table for this deal and utilising our expertise across corporate and banking matters and knowledge of the sector and wider market to this deal to ensure Summit Timber was taking the biggest and strongest step forward as a new organisation it could through efficient, safeguarding legal practices.”
Other advisors on the deal included MCF Corporate Finance, Cortus Advisory, BDO, KPMG, Addleshaw Goddard and Squire Patton Boggs.
