Clearwater has advised the shareholders of TIMCO, one of the UK’s leading building products brands, on its sale to Bufab, a global leader in industrial supply chain solutions.
TIMCO has been family-owned since its foundation 50 years ago in 1972 by Tim Midwood, and is currently run by Tim’s son, Simon Midwood. Under Simon’s leadership, TIMCO has expanded to become a one-stop-shop for over 4,500 independent merchants across the UK and Ireland, supplying essential building products that trade professionals rely on every day.
Operating from its 180,000 sq ft state-of-the-art facilities in Cheshire and with one of the largest own-brand ranges of more than 7,500 award-winning products, TIMCO offers a variety of screws, fasteners and fixings, nails, adhesives, hand tools, building hardware, security, and ironmongery products.
Bufab’s acquisition of TIMCO will significantly increase its presence in the UK, specifically via greater penetration into the construction industry. Bufab’s support and investment will enable TIMCO to accelerate its growth and continue the expansion of its product range.
