Lancashire’s Palgrave Brown makes timber roof trusses, windows and MDF mouldings, which it sells through a national network of 20 outlets, primarily to housebuilders, builders’ merchants and housing associations.
Though the company dates back to 1935, it assumed its present form in 1998 with the merger of three building-materials companies – the National Roof Truss Company, Alfred Hulme and Palgrave Brown Timber and Fireproofing.
The buoyant housing market and cost savings from the merger helped profits grow 64% a year from an annualised £900,000 in 1999 to £4m in 2002, when the company had sales of £54m. Last year Palgrave Brown was bought out by its management in a deal backed by Aberdeen Murray Johnstone Private Equity. This led to Keith Rutherford, a long-serving director, becoming chief executive.
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