BSW Timber, a UK-based integrated forestry and sawmilling group, has been acquired by Binderholz, a global sawmiller and producer of value-added products, including cross-laminated timber (CLT), glue-laminated timber (glulam) beams, solid wood panels, pressed pallet blocks, wood pellets and briquettes. The deal is subject to normal closing conditions and approval from the Austrian Competition Commission and UK Financial Conduct Authority.
Under the leadership of Tony Hackney, CEO of BSW Timber, the company will integrate with Binderholz. He commented: “Our management teams across the business units remain and the whole team will be supported by Binder family and senior management.”
Following the acquisition, Binderholz and BSW Timber plan to undertake a significant capital investment programme in the sites to increase capacity and broaden the capabilities of the business.
“The long-established name of BSW will remain and business will be as normal, with much greater opportunity to supply a wider basket of products,” Hackney said. “We will be enhancing our capabilities to further expand our capacity and grow further in supply to all sectors.”
Hackney continued: “We are very pleased to be strengthening our position in the value-added 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 we are looking forward to drawing on the expertise and knowledge of the Binderholz team.”
Reinhard Binder, chairman of the Binderholz group of companies, said, “The acquisition of BSW will strengthen Binderholz’s capabilities and further broaden BSW’s product offering and service to customers.”