Timber trader expands through relocation

Preston-based Pacific European Timber Agency (PETAL) has relocated to new premises and created two new jobs following a period of strong growth.

PETAL has moved to new offices on Ribbleton Lane and created new roles in office administration and finance.

The company was formed in 1986 as a global timber trading business sourcing hardwoods from Far East countries such as Indonesia and Malaysia which are then sold to UK timber merchants and Importers.

PETAL is also a leading trader in North & South American, Canadian, European and African hardwoods and softwoods.

Ian Thomson, managing director at PETAL said: “I’m excited for the next stage of growth for PETAL as we focus on increasing profits and enhancing our reputation for delivering high quality timber products."

The expansion has been backed by investment from NPIF – FW Capital Debt Finance. 

Steve Molyneux, FW Capital investment executive, said: “We were impressed with Ian’s extensive experience having worked in the timber trade for over 25 years.

"He has used this to forge an excellent reputation for PETAL. This is a great example of how our funding can drive growth with the relocation to new premises and creating new jobs.”  

Debbie Francis, chair of the Lancashire Enterprise Partnership, said: “Earlier this year the LEP launched its new internationalisation strategy, a plan which highlights how we as a county have the potential to boost  economic growth through increased international commerce.

"PETAL is a great example of such activity, and demonstrates how a Lancashire-based firm can build a thriving business by trading globally. It’s therefore great that NPIF’s support is helping them to expand, and create new jobs.”