The UK’s largest built-in sawmilling and forestry enterprise BSW Group has introduced a takeover of Dick Brothers Forestry Restricted.
Dick Brothers has the biggest turnover of any forestry firm within the UK with an annual turnover determine of £10 million.
Davy Dick, managing director of Dick Brothers, mentioned: “We’re delighted to be becoming a member of the BSW household.
While it is extremely a lot enterprise as ordinary, we’re excited to be working with the BSW staff to proceed the expansion of the enterprise and improve the companies we will convey our clients.
“We’d additionally wish to thank our earlier house owners, Faro Capital, for his or her assist and funding within the enterprise over latest years.”
‘That is unbelievable information for BSW’
Tony Hackney, CEO of BSW, mentioned:
“That is unbelievable information for BSW. Dick Brothers is a enterprise with sturdy heritage, unbelievable prospects and one which we consider will convey big worth to BSW.
While operations at Dick Brothers and BSW will stay largely the identical, there can be a lot of areas for our companies to assist one another and we look ahead to working with the Dick household to develop the enterprise as a part of the broader BSW Group.
Aidan Robson, associate at Infinite LLP which owns the BSW Group, mentioned:
“We’re delighted to be supporting BSW with its acquisition of Dick Brothers and we hope that is the primary of many acquisitions BSW can be endeavor over the approaching years.
“By means of our possession of BSW, and now Dick Brothers, we’re dedicated to creating and rising UK forestry as an entire and the environmental and financial advantages this may convey.”
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