ISSUE 42
WINT E R 2022
THE NEWSLETTER FOR CUSTOMERS OF THE SCOTT GROUP
SERVING LOCAL INDUSTRY NATIONWIDE
BSW ACQUIRES SCOTT GROUP We’re delighted to announce that BSW Timber, the largest integrated timber and forestry business in the UK, and a member of binderholz, has acquired Scott Group.
As many of our regular readers will already know, Scott Group was founded in 1987 and operates across 32 sites, from Aberdeen to Devon. We work with customers to promote the circular economy, which is emphasised by our pallet recovery, repair and reuse service and our timber sourcing arm in Latvia. Tony Hackney, CEO of BSW Group, said: “We’re absolutely
thrilled to have acquired Scott Group. It’s a move which further strengthens our product and service offering. “It ties into our vision of not only maximising the value of timber but also of achieving the best uses for timber across the BSW Group whilst fully utilising the logistical firepower of the combined businesses. This strategic acquisition means that we are poised and ready to serve our customers when we see economic recovery and upturn. “Much like us, Scott Group has grown organically and through acquisition during its 35-year history,
and we’re confident that with the expertise and experience of BSW and Scott together, we can continue to build on this both in the UK and further afield.” Norman Scott, owner and Group Operations Director at Scott Group, added: “This is a positive move for both Scott
Group and the wider timber industry, helping us to cement our status as the UK’s most innovative manufacturer and supplier of timber pallets. It also helps us to ensure that we can work even closer with customers to provide solutions that fit their requirements and deliver value.”
With the acquisition of Scott Group, BSW Group now employs 3,000 people across the sector and has an annual turnover of approximately £900m, with binderholz’s turnover reaching almost €2.5bn. BSW CEO Tony Hackney and CFO Alan Milne will join the existing Scott Group Board of Directors, who will continue in their current roles.
Together, we deliver more.