One hundred and thirty-eight timber products companies are ripe for acquisition, according to industry analyst Plimsoll Publishing Ltd.
And it says that 167 companies have cash to spend in pursuit of market share and that acquisition is back on the agenda in many board rooms.
The 138 companies which are struggling have been tracked over the past four financial years by Plimsoll which said they had under-performed and deteriorated against the rest of the industry.
Plimsoll senior analyst David Pattison said many were hindered with rising debts that were eating into their profit margin, but added: “These are all ‘classic’ acquisition targets.”
