Big River Group expands its offering with Timberwood acquisition
Building industry leader, Big River Group, has continued to expand its national network and increase its architectural product offering with the recent acquisition of specialty manufacturer, the Timberwood Group.
The acquisition sees the strong and successful operating histories of both businesses combine to create a larger and more diversified business.
While Big River Group is recognised as an industry expert in plywood and decorative panels, the opportunity to buy a quality player with niche manufacturing and distribution capability across a range of panel products was especially attractive to group. This was because the purchase was consistent with Big River’s strategy for geographical and segment growth, transforming the group into a major player in the plywood and architectural panels markets across both Australia and New Zealand.
Timberwood has operated in the market for 13 years now and is has proven to be particularly strong in the architectural product area as a specialty manufacturer and distributor of a range of panel products including veneers, veneered and coloured boards, plywood, particleboard and MDF.
Big River’s Chief Executive Officer, Jim Bindon, said he was excited to announce that Big River was embarking a significant step in progressing its growth strategy in the specialty panels market, “with a transaction that will transform us into a leading player in plywood and architectural panels markets.”
“This is highly complementary with the expansion the company undertook into New Zealand in 2019, together with the long history Big River has across a range of specialised panel products,” Mr Bindon said.
Boasting a strong, diverse customer network, Timberwood has operations across three sites in Victoria and the ACT, customers across all Australian states and territories as well as locally based overseas suppliers.
With the acquisition of Timberwood, Big River Group now owns and manages 21 sales and distribution outlets around Australia and New Zealand, as well as manufacturing and fabrication facilities at Grafton and Wagga Wagga in New South Wales, Melbourne, Geelong, Adelaide Perth and Auckland New Zealand.
Big River Group has been operating for over 110 years, manufacturing and distributing timber and steel formwork products, timber flooring, building products, structural plywood and related timber products. It also distributes a broad range of other building products, including MaxiWall and MaxiFloor, primarily to the commercial, residential and infrastructure construction market segments.
For more information visit www.bigrivergroup.com.au