The company took an initial 50% share in MCI Timply three years ago.
UCM managing director Mark Plews said that the full acquisition had been planned “as part of a medium-term succession plan for the business”.
“This will enable us to integrate MCI Timply into the group so they can take more advantage of our connections.”
He added that MCI had a “great reputation” and often dealt with more unusual niche products, as well as volume sources.
Mr Cater welcomed the move. “This is the result of careful planning and I always believed UCM Timber was the right home for the company,” he said.
More follows in TTJ November 11/18.
