Fife based timber giant James Donaldson & Sons hopes to open up new markets with the acquisition of two businesses.
The Glenrothes-headquartered firm announced it had purchased Rowan Manufacturing Ltd and Smith & Frater Ltd from the Rowan Group yesterday.
Rowan Manufacturing, located in Airdrie, specialises in made to measure staircases, internal and external door sets, windows and screens, as well as bespoke joinery design.
Smith & Frater, which has locations in Bathgate and Grangemouth, supplies products such as kitchen manufacturing, wall panelling, flooring, bathrooms, internal doors and ceiling panels to the building trade and construction industry.
Scott Cairns, group managing director at James Donaldson & Sons (JDS), said: “Both Rowan Manufacturing and Smith & Frater have a great reputation for quality, service and product innovation.
“The suite of products offered by both businesses perfectly complements our portfolio in JDS with a clear synergy of client base.
“We see an opportunity initially in the Scottish market to invest in and substantially grow both businesses; with longer-term plans to expand that offering to the rest of the UK.”
James Donaldson has grown exponentially through innovation and acquisition and investment in key businesses that complement the group’s current capabilities.
The sixth generation family firm has a turnover of £200m.
Its interests include timber importer and distributor James Donaldson Timber Ltd, engineered wood product manufacturer Donaldson Timber Engineering Ltd, timber merchant MGM Timber (Scotland) Ltd, insulation specialist James Donaldson Insulation Ltd, and Nu-Style Products Ltd, a fabrication specialist.
Andrew Donaldson, group financial director at JDS, added: “Our business has doubled in size over the last 10 years and we have done this through sustainable organic growth and by the strategic acquisition of some market-leading specialists.
“As we enter our 160th year in business, calculated investments like these ensure that we are continuously putting customers, service and quality at the core of everything we do.
“We look forward to welcoming the staff of both businesses into our organisation, and will continue to seek out investments that share our core values of customers, integrity, people, sustainability and family.”