Yorkshire-based timber merchant expands with £10m acquisition of North West business

Established in 1952, Savoy Timber, has grown into a £15 million turnover timber merchant group with superstores in Preston, Blackpool and Wigan as well as an online store. With customers across the UK, the business employs 82 people.

The firm noted that the acquisition complements the operations of Estate Sawmills, another family-run business based in Heaton, Bradford. Headed up by Mr Powell, it supplies timber, fencing, decking, agricultural products and gates to trade and DIY customers nationwide.

Mr Powell said: “After acquiring Estate Sawmills in 2020, we have seen rapid expansion and the acquisition of Savoy will enable us to continue our growth journey in this dynamic sector.

“Savoy is a long-established and well-known business that not only broadens our presence across the North, but its strong e-commerce platform also increases our market share throughout the UK as well as expanding our product offering.”

The deal follows the retirement of George Cornwell, managing director of Savoy Holdings. The business will continue to trade as Savoy Timber.

Mr Powell noted that the acquisition formed part of the firm’s wider plans for expansion.

He said: “We have an ambitious vision and this latest acquisition marks another important milestone as we seek to press on with our expansion, having capitalised on the garden improvement boom post-Covid. We are now actively looking for a complementary timber business in the South to strengthen our national coverage.”

The transation was completed on 8 September.