Timber Pallets and Packaging Acquisition
10th October 2024
James Jones & Sons has announced the expansion of its UK Pallets & Packaging Division through the acquisition of H.G. Timber Ltd, based in Buckingham. H.G. Timber started trading in 1945 and is currently under the third generation management of the Theodoulou family. The business is one of the most modern and well respected operators in the pallet and packaging and racking sectors, and has benefitted from a progressive investment philosophy over the last few years.
“We are absolutely delighted to welcome H.G. Timber and its employees into the James Jones & Sons Ltd Group, and this acquisition represents the conclusion of many years of dialogue and discussion between both families,” commented Tom Bruce-Jones, Chairman of James Jones & Sons Ltd. “Their reputation, expertise and geographical location add a further dimension to our national network, and we believe this will greatly enhance our ability to service both our local and national customer base.”
HG Timber operates eight high speed automated and robotic production lines producing 2-way and 4-way pallets, with the capacity to manufacture in excess of 1.8 million timber products every year on a single shift basis. Critically, the company has just commissioned its latest Viking Turbo line, which will further enhance production capabilities.
Peter McKenzie, Managing Director of James Jones & Sons Pallets & Packaging Division, added: “The vision and investment in cutting-edge automated production lines at H.G. Timber closely align with the philosophy we’ve adopted at James Jones & Sons Ltd. Together, we are poised to offer an unrivalled national service while maintaining the highest standards in pallet and packaging quality. This acquisition will also enable us to broaden our product offering in both pallets and racking systems. I have known Alistair and his team for many years, and their experience and drive will be invaluable as we move forward.”
“This has been a momentous decision for my family and Laurence Pyle, Sales Director of HG Timber Ltd, but we are confident that the next chapter of our family’s legacy will be in very safe hands within the James Jones family business,” said Alistair Theodoulou, Managing Director of HG Timber Ltd. “I look forward too to working alongside Peter and his management team and to identifying further growth opportunities. This move will help to safeguard our jobs and will guarantee security of raw material supply within a vertically integrated forestry and sawmill business in order to benefit our enlarged customer base.”
In parallel, James Jones & Sons’ Australian subsidiary, Hyne Group, announced the acquisition of Pinetec Pty Ltd last week, a pallet and packaging business based in Perth, Western Australia. This marks the Hyne Group’s first manufacturing presence in the West in its 142 year history and follows its expansion into pallet manufacturing through the acquisition of Rodpak Pallets & Packaging and Express Pallets & Crates earlier this year.
Hyne Group CEO, Jim Bindon said Pinetec will continue to operate as usual but with the benefit of being part of a global network, “With the broader support of Hyne and James Jones Group, Pinetec’s capability and credentials as a business partner to their many customers will be enhanced.”
With these acquisitions, James Jones & Sons Ltd continues its commitment to growth and innovation in the pallet and packaging sectors, solidifying its position as a leading provider of sustainable, high-quality timber products across the UK and Australia.
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