Lords Group Trading has announced the purchase of Alloway Timber and Builders Merchants Ltd in south west London .
Established in 1971 by Joe Alloway, Alloway Timber is an independent timber and builders merchant employing 83 colleagues and operating from a network of five sites in Kingston-upon-Thames, Byfleet, Cheam, Mitcham, and Putney. The business specialises in providing softwoods, special timber sections, landscaping products, as well as aggregates, blocks, bricks, and lintels.
The branches will join Lords Builders Merchant network, taking the brand to 17 locations in London and the South East of England. This brings Lords Group Trading to 48 branches in total, made up of 31 merchanting, and 17 plumbing and heating locations.
Shanker Patel, Chief Executive Officer of Lords, said: “We are delighted to announce the successful acquisition of Alloway Timber and to welcome their colleagues to the Lords Group family.
“The acquisition is complementary to our existing Lords Builders Merchants business with strong synergies, continued strategic investment in our 3Ps and will increase our customer base, along with further increasing our geographic presence in the South East.”
Joe Alloway, Owner of Alloway Timber and Builders Merchant, said: “I am delighted to be passing the business to Lords for its next chapter.
“There are few leaders I’ve met in my long career with such an ethical approach to business and deals. The team at Lords have stuck by their word and ethos all the way. It is admirable and will serve them well.
“I wish them the very best of luck.”
