M&M Timber joint managing director Nigel Poyner has bought the business.
Mr Poyner has been at the company for two years and prior to that was operations director at Forest Garden plc.
With his father George Poyner, formerly Forest Garden chairman, and finance director David Price, he has acquired the assets and trading name of M&M, which operates from a 23-acre site at Clows Top near Kidderminster. The previous sole shareholder was M&M founder Mike Harding.
Mr Poyner, now managing director, said that M&M had grown steadily over the past 20 years, specialising in machined round timber products. The workforce is now 55 and processing capacity 350m3 per week. It would continue to develop its traditional business in the playground, agricultural and professional landscape and corporation markets, but also had scope to move in new directions.
“Specifically we are looking at hitting the merchant, retail and garden centre markets and we have already developed some new products, including machined rounded pergolas and arches in British-grown timber and South African radiata.
“Over the next few months we will introduce a number of other exciting developments and expand into new markets.”
M&M has restyled its corporate image and, with backing from Allied Irish bank, is also planning to buy new equipment. “We already have a state-of-the-art 16,000ft2 production unit, including treatment facilities using Osmose Naturewood, but we are considering investing in the machined round line and, probably top of the shopping list, an offline debarking and grading line.”
