Cairngorm Capital Case Studies
Thornbridge acquired by Cairngorm Capital in 2017
Established in 1992, Thornbridge is one of Scotland’s leading timber processors and distributors. The company has a combined sawmill and distribution hub in Grangemouth plus 8 regional branch outlets across Scotland. It generates revenues of over £35m.
Thornbridge employs 159 highly-trained staff, many very long-serving. It serves a diverse and varied customer base including joiners, DIY enthusiasts, regional housebuilders, fit-out contractors, commercial construction companies and public works contractors. Its substantial warehousing, processing, manufacturing and distribution capabilities enable the business to respond rapidly with an exceptionally wide range of sawn timber species, grades, lengths and finishes.
The company also supplies sheet materials and a range of manufactured timber products such as flooring, door sets, decking & fencing. Its branches also distribute roofing, insulation, ironmongery and tools.
Cairngorm Capital’s investment, from its second fund Cairngorm Capital Partners II LP, is the first in a series of planned investments in timber processing and merchanting businesses, designed to combine specialist sector operational expertise with financial support from Cairngorm Capital. We aim to develop Thornbridge to become a UK-wide industry leader in its sector.
For more information on the transaction, please see the Thornbridge acquisition press release.