Leading hardwood importer CP timber has been acquired by the Hadleigh Timber Group.
The move, announced on November 4, sees Hadleigh strengthen its position in the timber sector.
Founded in 1998 by Chris Powell, C P Timber brings a wealth of expertise and is renowned for sourcing high-quality hardwood and softwood timber, extensive stock holdings and a dedicated team.
Christopher Rudd, CEO of Hadleigh Timber Group, expressed enthusiasm for the acquisition.
“Having worked with Chris Powell and his team for several years, we are delighted to welcome C P Timber into our group,” he said.
“We will ensure a smooth transition for our teams, customers, and suppliers. Chris, of course, will continue to lead C P Timber and assist across the Hadleigh Group in his new role as timber director, ensuring ongoing success and growth as part of our strategic vision. We’re both extremely excited to work together.”
Hadleigh Timber Group Ltd comprises Panelco, Meyer Timber and Timbmet. It posted a turnover of £223m and pre-tax profit of £11.4m for the year ended December 31, 2023.
CP Timber recorded a turnover of £29.7m and pre-tax profit of £1m for the year ended April 30, 2023. It won the TTJ Hardwood Trader of the Year in 2021 and 2022.
