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Hazlewoods Corporate Finance team advise on sale of Premier Timber and Builders Merchants Ltd

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28 November 2016

Hazlewoods Corporate Finance team has recently advised the owners of Premier Timber & Builders Merchants Ltd on a share sale of their business.

The Worcester based, independently owned company, Premier Timber, was established in 2000 and supplies quality timber and allied products to the repairs, maintenance and improvements markets through local trade and larger retail customers.

Managing Director of Premier Timber, Paul Ford, said:

“We’re all very pleased with the outcome of this sale. Selling to the Kellaway Group was a great step for our business, and we’re grateful for the support of Paul and his team at Hazlewoods throughout the process.

Premier Timber will be part of a larger business that operates on a much wider scale, opening up a new range of opportunities, as well as allowing Kellaway to extend its reach into the Worcester area. This move will give the staff future security and opportunities for career development”.

Paul Fussell, Hazlewoods Corporate Finance partner said:

“It has been a pleasure to work with the team at Premier on this transaction, who we have acted for almost 20 years, seeing the businesses through every stage of its development through to exit”.

Following the sale, Premier Timber will relocate from its current site to larger premises on the same Worcester trading estate, providing space for an increased range of stock and improved facilities for continued operations in the area.

If you would like to discuss a potential transaction and how we can help you, please contact Paul Fussell on 01242 680000.