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Lawsons Group (Lawsons) has revealed it has purchased two freehold sites in Edgware and Romford, expanding the company’s footprint to support an expanded product range.
Lawsons, a timber, building materials and fencing merchant in London and the southeast of England, has thirty five branches trading under seven brands, with over 700 staff and a dedicated steel fabrication plant.
Chris Harrison, group finance director, said “Our purchases of sites in Edgware and Romford continue the long-standing commitment we have to operate with certainty and security of tenure to our business which started with the original purchase of our Whetstone branch.
“We have purchased these assets from our strong net cash position and although the market trading conditions of the past twelve months have proven difficult for some participants, the quality of our people and the underlying strength of our Group’s balance sheet here at Lawsons mean that we have had a financial year of revenue growth, profitability and net cash improvement.”
