- 05 Apr 2023
- •
- 2 min read
Trethowans completes sale of Chiltern Timber Supplies
Trethowans has successfully completed the sale of Chiltern Timber Supplies Limited, an independent builders’ merchants, to an entity within the Lords Group.
Chiltern Timber operate from a single site in Hemel Hempstead, Hertfordshire. The business specialises in providing hardwoods, special timber sections, timber landscaping products and veneered sheet material. It also operates a milling facility, allowing it to differentiate its service from that of its competitors
The transaction, led by Partner Lucy Gleisner, completed on 31 March 2023 and is one of many deals that Trethowans has completed this year.
“It has been a pleasure to support Gerry and his team on the sale, enabling them to transfer ownership of the company to Lords in order to drive further growth” said Lucy, who is Head of the Corporate Team at Trethowans. “There are strong synergies between the two companies and the acquisition will complement Lords’ current locations and product ranges.”
Jim Collins, MD of Collins M&A Consultants, worked closely on the matter “This is a great deal for all parties, and I’d like to wish Gerry and his team the very best for the future working for a progressive company like Lords.”
Shanker Patel, Chief Executive Officer of Lords, said: “We are delighted to announce the successful acquisition of Chiltern Timber and are also really excited to welcome their ten colleagues to the Lords Group family. The acquisition is complementary to our existing Lords Builders Merchants business and will increase our customer base, broaden our product offering and enhance our UK geographic coverage.”
Gerry Barton, sole shareholder of Chiltern Timber, commented “Lucy it was a pleasure working with you, Amrita and your team! Nothing was too much trouble for you. We knew from the start that that we were in good hands, and this was proven with the excellent advice and service we were given during our acquisition. We would highly recommend your company. Thank you once again!”
