Arnold Laver
 | |
| Company type | Privately held company |
|---|---|
| Industry | Timber |
| Founded | 1920 |
| Founder | Arnold Laver |
| Headquarters | , United Kingdom |
Number of locations | 16 timber depots in the UK |
Area served | United Kingdom |
Key people |
|
| Services | Importer and distributor of timber and timber-based products |
| Revenue | £139 million (2018) |
| Owner | Cairngorm Capital |
Number of employees | 750 (2018) |
| Website | laver |
Arnold Laveris a Britishtimber merchantbased inSheffield,United Kingdom. Founded by Arnold Laver in 1920, the company has 16 timber depots across the UK, employing over 750 people.
History
[edit]Arnold Laver started his business using a hand cart, he made customers pay in advance, bought the wood then delivered it. In its first year, Laver made enough money to buy a horse, namedCharlie,to help him with his deliveries.
In 1925 Arnold Laver began negotiations to purchase a much larger site on Bramall Lane and in 1927 the new Olympic Sawmills opened. This site was the Company's head office in later years, with the main depot moving to the old goods-yard off Queens road, as the firm expanded.
The saw mill on Bramall Lane/Shoreham Street has been redeveloped as Arnold Laver's new head office andAnchor Point,a residential complex, which has been built above the offices on the site of the old offices and saw mill. The site is next door toSheffield United's ground and their hotel development, the company being the club's primary sponsor from 1985 until 1995. The company also redeveloped its site on Queens Road in 2002 and it is now occupied by aB&Qsuperstore. The Olympic sawmill and trade outlet moved to a new site atMosborough.
The company now supplies timber and timber based products to a wide range of customers and sectors, including many of the largest civil engineers, the Ministry of Defence, shop-fitters and supplied 50% of all the timber and sheet materials used in building the2012 Summer Olympicsvenues.
In 1960 Arnold Laver & Co Ltd diversified and established Laver Leisure, a series of holiday home park in and aroundSkegness,with over 1400 seasonal holiday homes across 11 different parks.
In December 2007, the company underwent a management buy-in led by the founder's grandson, Andrew Laver[1](managing director), Mark Bower (finance director) and the senior management team who were joined by Nigel Petrie, the buy-in candidate and non-executive director. The management acquired the company from the Laver family trust, with financing provided byYorkshire Bank.[2][3]
In November 2018, British private equity firm Cairngorm Capital acquired Arnold Laver as part of its buy-and-build strategy to create The National Timber Group. The Group was formed with the aim of consolidating the highly fragmented specialist UK timber merchant market. Arnold Laver's previous shareholders retained ownership of the company's existing property and leisure interests.[4][5]
Depots
[edit]The company has depots across the UK:
- Borehamwood
- Bradford
- Bristol
- Hull
- Kidderminster
- Leeds
- London
- Manchester
- Newcastle
- Oldbury, West Midlands
- Peterborough
- Reading
- SheffieldCentral
- Sheffieldmama
References
[edit]- ^"Grandson in Arnold Laver takeover".DIY Week(5500): 2–2. 4 January 2008.
- ^"Arnold Laver in management buy-in".The Yorkshire Post.4 December 2007.
- ^"Arnold Laver acquired by management team".Sheffield Telegraph. 4 December 2007. Archived fromthe originalon 10 January 2019.Retrieved9 January2019.
- ^"Cairngorm Capital brings Arnold Laver into its timber group".The Construction Index. 14 November 2018.
- ^"Cairngorm Capital Partners makes its 16th acquisition in just over two years".insider.co.uk. 13 November 2018.
External links
[edit]
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