Leading 海角视频 timber specialist Premier Forest Products has acquired Bitus 海角视频 from Swedish company, Bergs Timber. Bitus 海角视频 - formerly known in the trade as Continental Wood Products (CWP) - is an importer and bulk distributor of timber, panels and garden products.
Newport-based Premier Forest will take on the operation of Bitus 海角视频’s warehousing and distribution activities at the Baltic Distribution port side facility based in Creeksea, Essex. Premier Forest has also taken on the Bitus 海角视频 sales office in Cirencester, where all members of staff have been retained. The value of the deal has not been disclosed.
Nigel McKillop, chief executive Bitus 海角视频, will join Premier Forest Products as commercial director, specialising in softwood and the furniture sector. He said: “The Bitus 海角视频 team are delighted to be joining the Premier Forest family. Being a part of such an established and well-respected company provides the platform for us to strengthen, grow and develop a much wider product range to our customers from our Creeksea distribution hub.”
Terry Edgell, chief executive and co-founder of Premier Forest Products, said: “We’re very happy to welcome Bitus 海角视频 to the Premier Forest group. The strategic dockside location of the site will enable us to improve operational efficiency by providing a more direct route to our customer base. We plan to expand the range of products distributed from Creeksea to include our whole portfolio, which includes the full range of softwoods, hardwoods and sheet materials, in order to create a one-stop-timber-shop for our customers.
“Acquisitions are a key part of Premier Forest’s strategic growth plan, and we are continually seeking new opportunities to welcome businesses like Bitus 海角视频 to our Group.”
The operational activities of the Premier Forest Products Langley site are re-locating to Creeksea in Essex, to take advantage of the logistical efficiencies of the port-side distribution facility.
The deal was structured and completed with the support of Acuity Law providing legal advice, and Gambit Corporate Finance offered counsel during the acquisition process.
Premier Forest Products has multiple sites in the 海角视频.