Management buy out at Snows Timber completed
By Tim Lethaby
16th Jul 2021 | Local News
Snows Timber, who were previously part of the Bradfords Group, have announced the completion of a Management Buy Out led by Managing Director, Ian Church.
The business, who sold their Glastonbury head office and distribution centre to Sydenham's in February, will now be independently owned by the current management team, who are Ian Church, Craig Willoughby, Supply Chain and Operations Director, and Adam Cray, Finance Director. They had their bid for a management buyout approved by The Bradford's Group in January and have since been busy completing the deal.
As part of the Glastonbury site sale agreement, Snows cannot trade in Devon, Cornwall and Somerset for a period of 12 months from 1st March 2019.
Ian Church, Snows Timber's Managing Director, says: "This is great news for us and for Snows' customers.
"It enables us to create a truly agile business and to continue investing in our customer service proposition. We aim to be the very best in our sector. What excites us the most is the fact we are now truly independent."
Snows remains a national importer, processor and distributor of timber & timber products through it's Andover and Mansfield Distribution Centres.
The National Sales Office in Towcester remains while it also now becomes the new Snows Head Office located at Pond Barn, Pury Hill Business Park, Towcester, Northamptonshire, NN12 7LS.
Photo: Google Street View
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