Family owned Beers Timber Holdings has announced the completion of the purchase of Tonge Bridge Timber of Bolton.
The Liverpool-based group, which celebrated its centenary in 2016, also owns Beers Timber and Building Supplies, MBS Plumbing Supplies and wholesale timber distributor Evans Bellhouse operating from 15 depots across Merseyside, Wirral, Manchester and Cheshire.
The purchase of Tonge Bridge Timber will increase group turnover to £37m and the enlarged group will employ 160 staff across its depots in the North West.
Tonge Bridge Timber is an importer and manufacturer of machined timber products, supplying to timber & builders’ merchants, and large end users in the north of England from its three-acre machining facility in Bolton. Tonge Bridge Timber has built a reputation with its customers for supplying high-quality products with excellent customer service.
Managing director of the Beers Group Michael Beer said: “I am very pleased and excited to have completed the purchase of Tonge Bridge Timber, being a family-owned business, we see many similarities in culture between the two businesses”
“The purchase will enhance and complement our position as suppliers of quality timber and building materials in the North West. There is great potential to grow the business and integrate it within our existing businesses.”
The existing management team and staff at Tonge Bridge Timber lead by managing director Andrew Broddle will be staying on to run the business. Previous co-owner Brian Kirkpatrick will ultimately be retiring from the business but is continuing in the short term as a consultant.
The deal team for Beers consisted of Langtons Accountants, Liverpool, and Bermans Solicitors, Liverpool, and The Bank Of Scotland (Liverpool office) provided funding.
The deal team for Tonge Bridge consisted of Pierce Business Advisory, Blackburn, Hill Eckersley Accountants, Bolton, and KBL Solicitors, Bolton.