Forward advises Chandler Material Supplies on the acquisition of Essex Timber & Plywood
Forward Corporate Finance is delighted to announce the successful completion of the acquisition of Essex Timber & Plywood by Chandler Material Supplies.
Chandler, a third generation family-owned builders’ merchant, operates out of a three acre site in Chelmsford and has been in business since the 1950s. The acquisition of Essex Timber & Plywood based in Eastwood, Southend-on-Sea, provides Chandler with a second site, and bolsters their already knowledgeable team, plus brings high-quality timber products including panels, softwoods, hardwoods, and fencing materials sourced from around the world, to the Group.
Both Chandler and Essex Timber & Plywood pride themselves on excellent customer service to developers and builders, trusted local tradespeople, and DIY enthusiasts, with traditional family values at the heart of their culture.
The acquisition enables Raife Clarke, former majority shareholder of Essex Timber & Plywood, to start winding down towards a well-earned retirement, whilst providing the team at Essex Timber & Plywood an exciting new opportunity as part of the wider Chandler family. Both businesses will continue to operate from the same locations and will be able to provide all customers with a larger range of products and the same high-quality knowledge and trusted service.
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