‘Market raiders’ are ready to seize an additional slice of the timber products sector from more than half of the industry next year, according to new research from Plimsoll Publishing Ltd.
The company’s 1st Edition 2003 Timber Products analysis shows that 145 ‘market raider’ companies captured 10% of the market and grew by 21% on average – five times the industry average.
More than a third of the industry (165 companies) which saw sales drop by almost 10% in the past 12 months are in danger of withering away, the report says. A further 145 companies struggling to hold onto existing sales could be targeted by the raiders.
However, 72 of the raider companies are at financial risk because of high debts financing their growth and could be prone to takeovers.
