Bradford and Sons Limited have announced the acquisition of Totem Timber (St Austell) Holdings Limited and its subsidiaries as of May 1st.
Totem Timber is a well-established builders merchants operating from a site at Daniels Lane, Holmbush, St Austell, Cornwall. The company employs some 27. A separate arm of the company, Totem Timbers business (trading as Totem Timber Limited) based at St Johns Road, Cattedown, Plymouth, is not included as part of the acquisition and will continue to trade independently.
Totem Timber director Eric Scorse explained the decision to sell: “The Board, having made the decision to sell the Totem Timber business at the Daniels lane site, were anxious that [the company] became part of a larger organisation with the necessary resources to continue development of the business.”
Bradfords Group executive chairman Andrew Merriam said: “We are pleased to announce the acquisition of Totem Timber (St Austell) Holdings Limited and delighted to welcome the management and staff to the Bradfords Group. The acquisition will enable us to strengthen our existing presence in Cornwall. In particular, in association with our Pool and Liskeard branches to enhance our coverage of the south west of Cornwall”.