UK’s largest integrated forestry and sawmilling business BSW Timber Group acquired by BinderholzPrint news article
The deal is subject to normal closing conditions and approval from the Austrian Competition Commission and UK Financial Conduct Authority.
Established in 1950, Binderholz is a family-owned global sawmiller and producer of value-added products including cross laminated timber, glulam beams, solid wood panels, pressed pallet blocks, wood pellets and briquettes. Operating across Austria, Germany, Finland and the USA. The combined group will have turnover of approximately £2bn.
Debbie Jackson led the Walker Morris Team with support from Thomas Mieszkowski, Adrian Moss, Hannah Simpson and Jessica Stanley (Corporate), Lee Crook and Aaron Dixon (Commercial), Alan Harper (Intellectual Property), Andrew Rayment and Alice Ruffell (Employment), Jeremy Moore and Clare Wood (Real Estate), Jeanette Burgess, Stuart Ponting and Claire Burrows (Regulatory), David Went (Competition), Laura Lister and Ricky Walker (Finance), Ruth Bamforth (Pensions) and Simon Slade (Tax).
Commenting on the transaction, Tony Hackney, CEO of BSW Timber Group said:
”I would like to thank Endless for the support they have given BSW over the last two years. Endless has demonstrated what can be achieved with the right financial partner. They have been unwavering in their desire to invest in the business and I couldn’t have asked for a better partner to deal with the challenges posed by the pandemic.
We are very pleased to be strengthening our position in the value-add timber market by becoming part of the Binderholz family. The opportunity to enhance our supply chain, and additionally widen our product offering is exciting. This represents another major milestone in the growth of BSW and provides our customers with a more robust and broader range of products.”
Aidan Robson, Partner of Endless LLP, said:
“We are very proud of what we have achieved with BSW in a relatively short time period and have enjoyed working with the BSW team. We did not envisage selling BSW before the end of our five-year investment plan. However, Binderholz made clear their ambitions for BSW and they represent a fantastic long-term owner for the business with a strong track record of supporting ongoing growth and development across its group. We wish the whole BSW team all the best for the future”.
Debbie Jackson, Partner at Walker Morris added:
“We are pleased to have been able to support Endless and the team at BSW Timber Group on this latest transaction, having previously worked together on the acquisitions of Dick Brother’s Forestry, SCA Wood and Bayram Timber. The acquisition by Binderholz represents a great fit for both companies and we look forward to watching BSW’s continued success under its new ownership.”