Sale of Premium Timber Products to Meyer Timber Group

Client: Premium Timber Products and the Gardner Family

Location: West Yorkshire and Somerset

Background: Premium Timber Products is one of the UKs' leading suppliers of joinery products to the DIY sector. It was owned by the Gardner family, who developed it from incorporation to a £30m-turnover business.

Our role: Ashfords Corporate and Property practices have advised the business and family over many years on various business matters and property acquisitions, and we recently acted in the sale of the share capital of Premium Timber Products Limited to Meyer Timber Group Limited. We were able to provide a full service to the family, not only helping with the business elements and sale but also preparing appropriate wealth management and trust structures to help with the family's long-term tax and estate planning.

Clive Gardner, Chief Executive of Premium Timber, commented that Ashfords not only gave 'great guidance and advice; they also provided a nice human touch to the transaction process, even when things got a little tough' and 'the whole team worked tirelessly to get things done'.

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