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Cairngorm takes over Rembrand, fourth timber dealer

04.07.2018 − 

On 2 July, the British associated company Cairngorm Capital Partners and the Scottish timber trader and importer Rembrand Timber took over the fourth timber business since November 2017. Cairngorm is thus driving forward the consolidation in the British and Scottish timber trade already announced in previous acquisitions of the timber trading companies Parker Building Supplies in March, North Yorkshire Timber in February and Thornbridge Sawmills last November. Cairngorm intends to merge Rembrand Timber with Thornbridge Sawmills, which also focuses on the timber trade.



Rembrand Timber has been an importer of sawn timber, plywood and engineered wood since the company was founded in 1982. Rembrand Timber sells construction elements to tradesmen and end customers at 20 locations in the wood wholesale and specialist trade sector. Rembrand Timber also has three production sites. At the headquarters in Tealing, planed and cut to size timber is produced and sawn timber impregnated, among other things. The Dundee plant manufactures custom-made interior doors and the subsidiary Kingdom Timber Engineering Ltd. in Glenrothes manufactures roof trusses and structures. Other subsidiaries of Rembrand Timber are Roofing Supplies for the distribution of roofing products, the construction machinery trade Glow Insulation and Site Supplies and Rembrand Builders Merchants, acquired in 2003.

 

Together with Thornbridge Sawmills, the joint venture will have 35 sites, 28 of them in Scotland. Cairngorm's expected annual turnover is £ 100m.

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