The UK's largest integrated sawmilling and forestry business BSW Group has announced a takeover of Dick Brothers Forestry Limited.
Dick Brothers has the largest turnover of any forestry company in the UK with an annual turnover figure of £10 million.
Davy Dick, managing director of Dick Brothers, said: "We are delighted to be joining the BSW family.
Whilst it is very much business as usual, we are excited to be working with the BSW team to continue the growth of the business and enhance the services we can bring our customers.
"We would also like to thank our previous owners, Faro Capital, for their support and investment in the business over recent years."
'This is fantastic news for BSW'
Tony Hackney, CEO of BSW, said:
"This is fantastic news for BSW. Dick Brothers is a business with strong heritage, fantastic prospects and one that we believe will bring huge value to BSW.
Whilst operations at Dick Brothers and BSW will remain largely the same, there will be a number of areas for our businesses to support each other and we look forward to working with the Dick family to grow the business as part of the wider BSW Group.
Aidan Robson, partner at Endless LLP which owns the BSW Group, said:
"We are delighted to be supporting BSW with its acquisition of Dick Brothers and we hope this is the first of many acquisitions BSW will be undertaking over the coming years.
"Through our ownership of BSW, and now Dick Brothers, we are committed to developing and growing UK forestry as a whole and the environmental and economic benefits this will bring."