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20 Dec 2022

MCF advised the shareholders of Scott Group on its sale to Binderholz-owned BSW Timber Group

Scott Group, a leading U.K. supplier of timber pallets and bespoke timber packaging solutions has been acquired by BSW Timber Limited (“BSW”), the largest integrated timber and forestry business in the UK, and a member of Binderholz. MCF advised the shareholders of Scott Group on a successful exit after over 30 years of family ownership, leveraging its extensive network and expertise within the forest products space to run an efficient and discrete process.

“This is a huge 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.”

Norman Scott

Owner and Group Operations Director at Scott Group

The Deal

In this transaction MCF advised the owners of the UK’s leading pallet manufacturer and supplier Scott Group on their sale to the integrated forestry group, BSW Timber Limited (“BSW”), a member of Austrian-based Binderholz.

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 Group turnover reaching almost €2.8bn.

The Target

Based near Dunfermline in Scotland, with an annual turnover in excess of £250m and 1,300 employees, Scott Group is an award-winning, sustainable manufacturer of new, bespoke, and reconditioned timber pallets, producing over 30 million pallets per year.

The Scott Group was founded in 1987 and operates across 32 sites, from Shetland to Devon, working with customers to promote the circular economy, which is emphasised by its pallet recovery, repair and reuse service, while it also operates a timber sourcing arm in Latvia.

About BSW Timber Group

BSW Group is the leading integrated forestry group in the UK with six operating divisions, including tree nurseries, forestry, harvesting, sawmilling, timber manufacturing and energy. The group has six sawmills across the UK – in Southampton, Newbridge-on-Wye, Carlisle, Dalbeattie, Petersmuir and Fort William – and supplies certified sawn timber for a wide range of industries and uses.