MCF advised Summit Timber Group on its acquisition of Cheshire Mouldings

Summit Timber Group (formerly Hawthorn Timber), a leading supplier of high quality machined and treated softwood, panel products and cladding solutions to customers across the UK & Ireland, was sold in a MBO by Nimbus B.V., a European private equity fund. Summit Timber Group later acquired Cheshire Mouldings, UK’s leading manufacturer and distributor of mouldings, stair parts, panelling, decking and joinery timbers.

The Deal

In these transactions, MCF advised Nimbus B.V. on the sale of Hawthorn Timber in a MBO and the shareholders of Summit Timber Group (formerly Hawthorn Timber) on the acquisition of Cheshire Mouldings. With the acquisition of Cheshire Mouldings, Summit Timber Group now employs over 150 people and has an annual turnover of approximately £80m.

The Target

Cheshire Mouldings, founded in 1988 by the Carney family in Warrington and now headquartered in St Helens, is the UK’s leading manufacturer and distributor of mouldings, stair parts, panelling, decking, and joinery timbers serving both retail and merchant sectors.

About Nimbus B.V

Nimbus is a private investment company that has been operating for close to 25 years, with offices in the Netherlands (Zeist), Germany (Munich) and the United Kingdom (Leeds). Nimbus invests in companies that are at crossroads in their development and are ready for their next growth phase.

About Summit Timber Group

Summit Timber Group (formerly Hawthorn Timber) is a leading supplier of high-quality machined and treated softwood, panel products and cladding solutions to customers across the UK & Ireland.

Contact us:

Ian Henderson, Partner: Henderson@mcfcorpfin.com

Viktor Finnilä, Associate: Finnilä@mcfcorpfin.com

Benjamin Ylipää, Analyst: Ylipää@mcfcorpfin.com