Premier Forest Products has continued on the expansion trail with the acquisition of Wiltshire-based Stairway Joinery Ltd.
Established in 1988 and based in Westbury, Stairway Joinery Ltd designs and manufactures bespoke staircases for residential and commercial buildings.
Terry Edgell, co-founder and CEO of Premier Forest Products, described the acquisition of Stairway Joinery Ltd as the perfect fit as Premier continued to expand its presence in the south west of England.
“The addition of bespoke staircases to our portfolio of products strategically complements the Premier Forest customer offer, helping us to better serve residential and commercial markets,” he said.
“We are confident that the synergies this partnership yields will benefit our customers, while strengthening our market position as a specialist timber solutions provider.”
Darren Smith, previous co-owner of Stairway Joinery Ltd, said the modernisation opportunities from being part of such a group would enable the company to grow its business.
The deal was structured and completed with the support of Acuity Law providing legal counsel, Gambit Corporate Finance who supported the Premier Forest team throughout the deal process, and Kilsby Williams accountants, who conducted financial due diligence.
