Manufacturing company Springfarm Architectural Mouldings (SAM) has announced its acquisition of Lincolnshire-based Select Timber Products, in a deal which will see turnover at the Northern Irish firm increase by 20%.
Founded in 1990, SAM manufactures high-quality MDF mouldings, including skirting and architrave, for use across the UK, Ireland and Europe. The Antrim headquartered family-un business embarked on an ambitious Vision 2020 business strategy early in 2016, in which it is targeting a 100% increase in turnover within five years.
Select Timber, which is based in Spalding, has been supplying interior mouldings products to the construction industry since 1989. All 25 employees from Select Timber will remain in their roles following the acquisition, bringing the headcount at SAM to more than 200.
SAM will now operate with a distribution centre in the south east of England, an area which the company has identified as a key driver for the UK economy and a hub of activity for the construction sector. The company will use the facility to target further expansion in its export markets, including Europe.
The acquisition figure was not disclosed.
Paul Lavery, commercial director at SAM and managing director at Select Timber, said: "The past two years have been a particularly exciting time for SAM as we have doubled in size. We are keen to build on this momentum and we are looking ahead to the next five years with a focused and goal orientated strategy in place.
"In line with our strategy the addition of Select Timber to the SAM family will enable us to continue as market leader and maintain the increasing demand for our unrivalled range of standard and value added mouldings. The presence of a manufacturing and distribution facility in the heart of England provides us with a fantastic opportunity to enhance the SAM product and service offer."
Pictured: (L-R) Sam McCrea, founder and chief executive of SAM; and Paul Lavery, commercial director at SAM and managing director at Select Timber.