The move combines two of the most prominent wholesalers in the sector in Ireland. OSB is twice the size of CPC and employs 105 people to CPC’s 55. Total turnover for the combined operations will be over €45 million.
OSB Chairman Neil O’Sullivan said: “We are delighted to have had the opportunity of linking up with such a modern, progressive and well-run organisation.
He went on to say the match was “a perfect one” between the two companies.
“We are both market leaders in our field, dedicated to providing our customers with the largest range of quality products nationwide.”
The chairman also welcomed the fact that Gerry Mallon, chief executive, CPC has agreed to stay with the company.
The move also extends the product range on offer from both companies that provides lumber, kitchens and bedroom units to the retail sector for use in their range of furnishings and finished kitchens.
Group managing director Declan O’Flaherty said together the two companies have a long reach across the island of Ireland.
Leinster might still be an area where it needs to extend its presence and he hasn’t ruled out a further acquisition by Cork-based OSB in that region.