BSW Group enters joint venture with Power Sheds
BSW Group has entered a joint venture with Power Sheds, a major disruptor in the sector since launching in 2019, and with a turnover in excess of £15m.
BSW acquires Building and Supply Solutions division of SCA Wood UK
BSW has acquired the Building and Supply Solutions division of SCA Wood UK, which includes the manufacture and distribution of timber and associated products to the home improvement and builders merchant sectors.
This heralds the beginning of BSW’s growth strategy under the ownership of Endless LLP.
Tony Hackney, CEO of BSW, said: “We are very pleased to have agreed a common approach with SCA to acquire the UK operations, which will significantly strengthen our position with our expanding customer base.
“The opportunity to add value to our established products and widen the products we offer and distribute is extremely exciting. This major milestone in the timber industry provides our customers with a strengthened and broader range and will extend our excellent service provision.
“Through this acquisition, we will deliver a combined package of timber solutions adding to the security of supply for the market.”
Jerry Larsson, President of SCA, commented: “I believe the business will further develop under the ownership of BSW. We will continue to supply raw materials into the UK market via BSW Timber, in addition to our existing Industrial Solutions import and distribution operation.”
The BSW Board looks forward to developing itsplans along with the SCA Wood UK team for expansion of the operations and services provided.
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