Yorkshire timber specialist secures North East jobs with acquisition of manufacturing firm
A national timber specialist based in Yorkshire has acquired a North East-headquartered timber door manufacturer in a bid to consolidate its market position.
National Timber Group, timber distribution and processing group in the UK and parent of Arnold Laver, has purchased Cotswold Manufacturing, which is based in Teesside.
The acquisition has secured 45 jobs at Cotswold Manufacturing’s 80,000 sq ft facility in Thornaby near Stockton-on-Tees, as well as boosting National Timber Group’s position as one of the largest timber specialists in the UK.
Rob Barclay, chief executive of National Timber Group said, “I am delighted to welcome Cotswold Manufacturing into the Group. We have many values in common and share an ambition to be the leading manufacturer of high quality timber doorsets in the UK.
“Cotswold Manufacturing is an innovative, well-invested company so this transaction is highly complementary and allows us to expand our business to the benefit of our customers, as well as creating more employment opportunities in Teesside.”
Current owner of Cotswold Manufacturing Ken Napper will continue to lead the business reporting to Rob Barclay, chief executive of National Timber Group. Ken added: “The coming together of Cotswold Manufacturing and National Timber Group is the logical progression for the strong business that I have developed over many years.
“The alignment of our goals, values and vision, offers significant benefits for both companies.
“I am delighted that we have been able to secure jobs and career development opportunities for 45 people at Thornaby and look forward to growing this business with the support of the National Timber Group.”
Access free online guidance for North East businesses in the Growth Hub North East's COVID-19 toolkit →