Bufab completed the acquisition of TIMCO for £54m.

Bufab, a trading company that offers its customers a full-service solution as a supply chain partner for sourcing, quality control, and logistics for C-Parts, completed the acquisition of TIMCO, a wholesaler to the construction and industrial sectors, for £54m. "This deal will enable us to accelerate our growth and continue expanding the range of products and services we offer, while still maintaining our first-class customer service. We look forward to working with our new colleagues at Bufab in driving the company forward," Simon Midwood, TIMCO Managing Director.