Britain's Premier Forest Products acquires Welsh sawmilling business

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Timber and panel importer Premier Forest Products has purchased the sawmilling division of Welsh-based Border Group, according to the media platform buildersmerchantsnews.co.uk.

Border Group's sawmilling division is made up of two trading companies: GTP Border Forest which sells solid wood products and Border Forest Products which sells the co-product of production to the biomass industry. Both operate from a single nine-acre site in Croespenmaen, South Wales.

The two organisations will come under the ownership of Premier Forest products and will operate as Premier Forest Sawmilling.

“This is a very exciting acquisition for Premier; one that we believe has the potential to have a big impact on our operations. The sawmills current financial performance shows great potential for bringing improved earnings, significantly increasing the volume of material we distribute, improving our environmental credentials and giving us a secure supply source of fencing and pallet wood products, while in addition giving control of the quality and product range produced,” said Terry Edgell, director and co-founder of Premier Forest Products, quoted by buildersmerchantsnews.co.uk.

Ernie Branfield, Border Group’s chairman, said: “We decided to sell the sawmill arm of the company to focus on our core businesses. We are very proud of the company that we have created and would only have considered selling GTP Border Forest and Border Forest Products to a company that shared our core values – which we believe Premier does.”

Premier Forest Products has an annual turnover of £76.7 million (around EUR 98 million). Through a strategy of organic and acquisition fuelled growth the business is aiming to break through the £100 million (EUR 127,8 mil.) turnover mark in its next financial year, according to walesonline.com.

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