Clifton Ingram’s Corporate Partner Barry Niven and Commercial Property Partner Tim Read are delighted to have acted for Lawsons Holdings Limited on its acquisition of Hertfordshire Timber & Building Supplies Limited, a leading supplier of timber, fencing and building products and its subsidiary, Southill Sawmills Limited, its manufacturing arm.
Lawsons is a well–known, respected, family-owned business operating throughout London and the South East and will be celebrating its 100th year of trading this year.
This transaction is part of Lawsons Group continued growth and increases the combined groups turnover to over £145 million, with 650 employees operating from 31 branches across the south east of England. The acquisition is considered a great strategic fit for Lawsons as they look to establish a platform for continued expansion in the fencing and landscaping market and follows a busy trading period resulting from the current demand for materials to improve homes and gardens during the Covid-19 lockdowns. Hertfordshire Timber & Building Supplies Limited will retain its brand identity.
Paul Rushent, Group Finance and Interim Managing Director commented “I am absolutely delighted with the acquisition of Hertfordshire Timber & Building business which further demonstrates Lawsons commitment to expansion, growth and development as it celebrates its centenary year. Lawsons is in a strong position for growth and is expected to complete further acquisitions over the next 12 months. The Hertfordshire Timber & Building business fits well geographically with our exiting sites and we expect to be able to add significant value.”
Corporate Partner at Clifton Ingram, Barry Niven explained “Lawsons are a highly valued client of the firm and it was great to work with Paul and his team again. We are delighted to have been able to advise on the acquisition of the Hertfordshire Timber & Building business as part of Lawsons exciting growth plans.”
Commenting on the services provided by Clifton Ingram, Paul Rushent added “The team at Clifton Ingram worked well with us on the transaction, ensuring that the deal process ran smoothly and completed close to our target date. We were very pleased to complete the strategic acquisition of Hertfordshire Timber & Building Supplies Limited and look forward to working with Clifton Ingram on a number of future acquisitions”.