Northern Irish kitchen, bedroom and bathroom furniture manufacturer Woodland Kitchens is set to become one of the largest cabinet producers in the UK following its latest acquisition.
In a deal backed by investment from growth capital investor, BGF, Woodland Kitchens has acquired Dundee headquartered business, JTC Furniture Group.
JTC is a manufacturer and supplier of fitted furniture, focused on the social housing and student accommodation markets, employing over 250 people in the Dundee area. It is said to represent a highly complementary acquisition for Woodland, with the partnership creating one of the largest cabinet producers in the UK.
According to a statement, the acquisition will allow both Woodland and JTC to capitalise on the benefit of the Group’s newfound scale to continue to enhance its product range and service levels to their respective customer bases.
Speaking about the deal Connor McCloskey, CEO, Woodland Kitchens said: “Woodland has enjoyed strong organic growth in recent years but we have kept one eye on strategic, additive acquisition opportunities. The partnership with JTC was a move that made perfect sense in terms of scale, common values, capabilities and level of ambition.
“JTC’s strong presence and longstanding customer base in the social housing, healthcare and student housing sectors, combined with Woodland’s own strengths in the distribution and large retail space, will allow both businesses to share best practice and take a collaborative approach to further growth. We look forward to working with the team in Dundee.”
Gordon Linton, managing director of JTC outlined how the acquisition would affect the day-to-day running of the Dundee-based business.
“We have been impressed with Connor, Brian and the wider team’s long-term vision for the business,” Linton said. “We are convinced the strategic alliance with Woodland, with a proven, supportive backer such as BGF, will strengthen our own proposition and help develop our offering. For our team in Dundee, it will be very much business as usual, with a continued focus on providing great service to customers in the range of sectors where we are already a market leader.”