ANTRIM-based manufacturer Springfarm Architectural Mouldings (SAM) has acquired Lincolnshire based Select Timber Products for an undisclosed sum in a deal which will see its turnover jump by 20 per cent.
The family-owned SAM, founded in 1990, manufactures high quality MDF mouldings, including skirting and architrave, for use across Britain, Ireland and Europe.
Earlier this year the business embarked on an ambitious Vision 2020 business strategy in which it plans to double its turnover within five years.
Select Timber, based in Spalding, has been supplying quality interior mouldings products to the construction industry since 1989. All its 25 employees will remain in their roles following the acquisition, bringing the headcount at SAM to more than 200.
SAM (www.samonline.co.uk) 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. It will use the facility to target further expansion in its export markets, including Europe.
Paul Lavery, commercial director at SAM and managing director at Select Timber, said: “The past two years have been a particularly exciting time for us as we have doubled in size. We are keen to build on this momentum and 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.”
