European Door Sets acquired by investment fund

Published:  10 September, 2010

ORMSKIRK: Investment fund, Brathay Investments, has acquired European Wood Products, a £5m company in a deal backed by the Royal Bank of Scotland.

 

Brathay was set up by JD Sports chairman Peter Cowgill and David Rogan, whose career as a finance director and general manager includes his post as managing director of a division of Hunter Timber, a subsidiary of the Wickes Group.

Mr Rogan said: "We like the timber sector because it is currently a very strong sector, and one I am familiar with. This is a very successful business with a strong platform we can build on."

The European Wood Products deal is a majority stake acquisition, with founder Paul Bailey retaining a "significant" stake. Brathay plans to grow European Wood Products, which trades as European Door Sets, by expanding its customer base.

Mr Bailey will remain as a director of the company and his brother Neil remain as sales director.

The total sum paid was not disclosed.

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight

Recruitment

Builders Merchants Vacancies – UK Wide

We have vacancies all over the UK for those who work within the Building Supplies sector.

Guest Blog by Michael Barnett
A Bright future predicted for housing construction

One of the major talking points in the wake of the Brexit decision has been around the country’s current housing shortage with a YouGov poll from this year revealing that first time house buyers are now 38-years-old, on average.

Events Diary