What's Happening?
Heywood Timber Engineering, a Halifax-based timber company, has successfully acquired Heywood Rooftruss, ensuring the preservation of 44 jobs. The merger was facilitated by Clough & Willis, a law firm based in Little Lever and Bury, with partner Andy
Herricks providing crucial business and asset sale advice. The acquisition was coordinated by FRP Advisory, appointed as administrators of Heywood Rooftruss in July. The newly merged company will be led by Andrew Fletcher, managing director, and Dominic Farley, operations director. Heywood Timber Engineering, founded in 2005, is a prominent designer, manufacturer, and installer of timber-framed buildings, flooring, and roofing products, primarily for the construction industry.
Why It's Important?
The merger between Heywood Timber Engineering and Heywood Rooftruss is significant for the construction industry in the North of England, as it consolidates expertise and resources, potentially enhancing service delivery and product innovation. The preservation of 44 jobs is crucial for the local economy, providing stability for employees and their families. The merger also strengthens Heywood Timber Engineering's position as a leading supplier of engineered wood products, which could lead to increased market share and influence in the construction sector. This development underscores the importance of strategic mergers in maintaining employment and fostering industry growth.
What's Next?
The newly merged company, under the leadership of Andrew Fletcher and Dominic Farley, aims to expand its business reach and client value. The expertise of Heywood Rooftruss is expected to contribute positively to Heywood Timber Engineering's operations. As the company grows, it may explore further opportunities for innovation and expansion within the construction industry. Stakeholders, including employees and clients, will likely monitor the company's progress and adaptation to the merger, assessing its impact on service quality and market presence.
