Barratt Developments PLC has acquired 100% of Selkirk-based Oregon Timber Frame Limited, one of the UK’s largest timber frame manufacturers.
Oregon is currently one of Barratt’s key timber frame suppliers and will remain based in Selkirk following the acquisition.
Over the last three years, Barratt has built around 5,500 homes using timber frame construction. It currently uses timber frame in the majority of residential properties it builds in Scotland and is increasing its use across England and Wales.
In 2018 Barratt announced new targets of volume growth of 3-5% over the medium term, supported by a target of building at least 20% of its homes using an element of offsite construction, including timber frame, by 2020.
Steven Boyes, Chief Operating Officer, Barratt Developments PLC, commented:
“We are delighted to announce that we have successfully acquired Oregon Timber Frame, one of the leading timber frame manufacturers in the UK.
“Barratt is committed to increasing the number of homes we build using offsite construction as part of our overall volume growth aspirations and to mitigate the current skills challenges facing the industry. Oregon is the perfect company to help us do that, with a highly experienced management team, a skilled workforce and a high quality product.”
Rod Lawson, Chairman, Oregon Timber Frame Limited, commented:
“We’re very proud of what we have achieved over the last two decades, building a successful company with a fantastic workforce. Now we welcome the next chapter with Barratt who are as committed to quality as we are and have exciting plans for the future of both of our businesses.”