PEM Corporate Finance advises on the sale of Crofton Pallets to Scott Timber

10 July 2006 The Scott Timber Group has taken a significant step towards achieving its target turnover of £150 million with the announcement of the biggest deal in the company's history. The acquisition of Crofton Pallets in Huntingdon now gives the Group detailed coverage of the UK and further underlines its position as Europe's and one of the world's leading pallet manufacturers. Key to the acquisition has been Crofton's manufacturing sites in east England at Huntingdon, Grimsby and Wisbech.  The group will also be able to enhance its timber import operation in Riga, Latvia, which will be complemented by a similar operation conducted by Crofton out of Wisbech. This paves the way for the shipment of over 25,000 cubic metres of timber every month. Reproduced with kind permission of Cambridge Network - view full article here