North Yorkshire Timber (NYT) has acquired North Shields-based family company Tom Swan Builders’ Merchants.
The acquisition will see the company continue to trade under the name Tom Swan, which it has traded under for more than 60 years.
David Swan, who took over from his father Tom in 1983 said: “The acquisition is very good for all aspects of the business, for existing and potential new customers and also for the stability it brings to our 12 staff. Larger stock holdings by NYT will enable us to deliver a greater range as well as introducing a larger choice of timber materials to existing and new customers.”
NYT managing director Peter Kershaw said: “We see this acquisition as a logical extension of our business, adding to NYT’s strength in the north east. The addition of Tom Swan, building on our steady expansion over the past few years, helps us to broaden our customer base and achieve our aim to be a one stop shop for developers, tradesmen, self build enthusiasts and the public.”
NYT currently has a turnover of over £16 million and its latest acquisitions include South Shields-based Edmund Robson & Co Ltd, Timber Merchants, and Ward and Naylor Builders Merchants of Wingate.