Uxbridge-based Goldberg and Clarks Wood of Bristol have more than 300 years of trading history between them.
Newport-based Premier said the deal, completed for a seven-figure sum with funding from HSBC, demonstrated “quiet optimism” for a recovery in the timber industry and showed the company’s continuing appetite for expansion into related markets.
It also said the move would provide geographically strategic freehold property at both locations.
“This acquisition represents a major step in broadening Premier’s product range in timber products and increasing its geographic coverage of the UK,” said Terry Edgell, director and co-founder of Premier.
He said Premier would also increase the product offering of Y Goldberg and Clarks Wood, helping them to create a competitive platform in a competitive market.
“We will have a greater armoury of product and purchasing strength with which to dramatically grow our organisation,” said Keith Beckford, managing director of both Y Goldberg and Clarks Wood.
This latest acquisition follows hot on the heels of Premier’s July purchase of Dublin Plywood and Veneers.
