The BSW Group has acquired Dick Brothers Forestry Ltd, the UK based timber harvesting company.
Established over 25 years ago and headquartered in the Scottish Borders, the business claims to have ‘state-of-the-art forestry equipment and market leading capabilities to harvest some of the largest and most complex forests in the UK.’
Dick Brothers represents a cornerstone acquisition for the BSW Group, strengthening its vertical integration of the timber supply chain and securing in-house harvesting capabilities for its forestry and harvesting management division Tilhill.
Davy Dick, Managing Director of Dick Brothers, said: “We are delighted to be joining the BSW family. Whilst it is very much business as usual, we are excited to be working with the BSW team to continue the growth of the business and enhance the services we can bring our customers. We would also like to thank our previous owners, Faro Capital, for their support and investment in the business over recent years.”
Tony Hackney, CEO of BSW, commented: “This is fantastic news for BSW. Dick Brothers is a business with strong heritage, fantastic prospects and one that we believe will bring huge value to BSW.
“The acquisition enables BSW to become a streamlined stump to sawmill operation, utilising the experience of Dick Brothers to develop smart solutions to timber breakout from the forest and match to sawmill and ultimately customer demands. This places us in a unique position within the UK domestic wood supply sector.
“Whilst operations at Dick Brothers and BSW will remain largely the same, there will be a number of areas for our businesses to support each other. We look forward to working with the Dick family to grow the business as part of the wider BSW Group.”
Tony Hackney, CEO Alan Milne, CFO Tony added that it was important that the new acquisition also maintained and grew business with other players in the sector.
“The sector is very interdependent and what might be one of our division’s customers might be another division’s supplier, so it is critical that Dick Brothers will retain the flexibility to trade across the industry.”
