Liverpool based family-owned timber and builders merchant Beers Timber Holdings bought Tonge Bridge Timber of Bolton.
The purchase will increase group turnover to £37 million and the enlarged group will employ 160 staff across their depots in the North West. The group, which celebrated its 100th anniversary in 2016, includes Beers Timber and Building Supplies, MBS Plumbing Supplies and wholesale timber distributor Evans Bellhouse operating from 15 depots across Merseyside, Wirral, Manchester and Cheshire.
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 their 3 acre machining facility in Bolton. Tonge Bridge Timber have built a reputation with their customers for supplying high quality products with excellent customer service.
Beers Group managing director 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, 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.