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It will be ‘business as normal’ at BSW’s sawmill in Corpach and elsewhere across the company according to CEO Tony Hackney following last week’s news that the timber group has been acquired by global sawmiller Binderholz of Austria.
Binderholz is a significant producer of value-added products, including cross laminated timber, Glulam beams, solid wood panels, pressed pallet blocks, wood pellets and briquettes, and now operates in Austria, Germany, Finland, and the USA.
Under the leadership of Mr Hackney, BSW will integrate with Binderholz.
He said: ‘Our management teams across the business units remain and the whole team will be supported by the Binder family and senior management.’
Following the acquisition, Binderholz and BSW plan to undertake a significant capital investment program in the sites to increase capacity and broaden the capabilities of the business.
‘The long-established name of BSW will remain and business will be as normal, with much greater opportunity to supply a wider basket of products. We will be enhancing our capabilities to further expand our capacity and grow further in supply to all sectors,’ added Mr Hackney.
‘We are all excited and thoroughly committed to support the business through a transitionary period under new ownership and have demonstrated our ability to do this. I am very grateful to our previous owners, Endless LLP, and the whole team for the support they have given us all at BSW,’ he said.
Reinhard Binder, chairman of the Binderholz group of companies, said: ‘The acquisition of BSW will strengthen Binderholz’s capabilities and further broaden BSW’s product offering and service to customers.’
Aidan Robson, Founding Partner of Endless LLP, said: ‘We are proud of what we have achieved at BSW in such a short period of time and have enjoyed working with the BSW team.
‘We are delighted to be selling the business to such a good home in Binderholz, who have such a strong track record of growth and a market leading reputation. We feel this acquisition is hugely positive for BSW employees, its customers and the whole supply chain.’
Mr Hackney continued: ‘We are very pleased to be strengthening our position in the value-added timber market by becoming part of the Binderholz family. The opportunity to enhance our supply chain and additionally widen our product offering is exciting.
‘This represents another major milestone in the growth of BSW and we are looking forward to drawing on the expertise and knowledge of the Binderholz team. I would also like to thank the Endless LLP team for their huge support over the last few years.’
BSW was founded in 1848 and its head office remains in the town of Earlston in Berwickshire in the Scottish Borders, and comprises has six main operating divisions – tree nurseries, forestry management, tree harvesting, sawmilling, biomass energy, and timber processing and distribution – operating as BSW Timber, BSW Energy, Tilhill, Dick Brothers, Alvic Plastics, Maelor Forest Nurseries, BSW Timber Solutions and Bayram Timber.
BSW Group is the largest timber and forestry business in the UK, with combined turnover of over £650 million and capacity to produce over 1.2 million cubic metres of sawn timber per year. The sawmilling business operates at seven sites across the UK and one in Latvia.
Binderholz was established in 1950 and is headquartered in Fügen, in the Tyrol region of Austria and employs 3,000 people across Austria, Germany, Finland and the US states of Florida and North Carolina.
Binderholz has a turnover of €1.4 billion and produces over 5.5 million m3 per year of sawn products.