Macfarlanes advises Binderholz on acquisition by BSW Timber Limited of Scott Group Investments Limited

Macfarlanes has advised the Austrian-headquartered timber and sawmilling company on the acquisition by its wholly owned subsidiary, BSW Timber Limited, of Scott Group Investments Limited from the Scott brothers, John and Norman.

BSW Timber Limited was founded in 1848 and is headquartered in Earlston, Scotland. The business comprises five main operating divisions: tree nurseries, forestry management, tree harvesting, sawmilling, and energy.

The Scott Group is a family business, providing a wide range of goods and services to industrial and manufacturing markets throughout the UK including, amongst other things, pallets, timber packaging, agricultural boxes.  The acquired business has an annual turnover in excess of £250m, 1,300 employees, and produces over 30 million pallets per year.

The Macfarlanes team was led by corporate and M&A partner Peter Baldwin and senior associate Daniel Hobbs alongside associate Jaani Patheja.

The team also included Margaret Rhodes and Tosin Ojukotola (real estate); Nigel Price (environmental); Malcolm Walton and Tilly Henderson (competition); Rosie Duckworth, Markos Day and Alishea Patel (commercial); Camilla Barry and Scarlett Yu (pensions); Sean Lavin, Tabitha Al-Mahdawie, and Jagwinder Kaur (employment); Kirstie Hutchison, Laura Bretherton, and Ranvir Singh (finance); and Greg Price and Lawrence Parkin (tax).

Peter Baldwin comments: “We are delighted to have had the opportunity to advise Binderholz on another important strategic acquisition. An exciting future awaits this combination of companies.”

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