Brickability Group has announced (2nd June) its acquisition of the Taylor Maxwell Group, a supplier of timber and non-combustible cladding to the construction industry.
Taylor Maxwell & Co Ltd was founded by Mr E. Maxwell and Mr. R. Taylor in 1959 and commenced operations merchanting bricks and timber from offices in Bristol. The firm operates from 16 regional locations across the UK, with minimal overlap with Brickability’s existing client base. The most recent additions to its operations are new product showrooms at the Hop Exchange in London Bridge, in Birmingham City Centre, and in Glasgow City Centre. Earlier this year, it acquired SBS Cladding LTD, a distributor and fabricator of decorative rainscreen cladding systems.
The deal is expected to be formally ratified at a shareholders meeting on 29 June 2021 and will more than double the size of Brickability, with Taylor Maxwell having enjoyed a £250 million turn over last year.
Alan Simpson, CEO, said:
“Taylor Maxwell is a business we have earmarked for acquisition since IPO as we believe the union will bring significant short and long-term benefits to both companies and customers. Access to Taylor Maxwell’s longstanding relationships, distribution channels and local knowledge will greatly improve Brickability’s access to the UK marketplace while also delivering procurement, revenue and structural synergies. We look forward to welcoming the Taylor Maxwell team to the Brickability Group and building an even stronger business in 2021.”
