Barratt Developments has bought Oregon Timber Frame, one of the 海角视频’s biggest makers of wooden frames for the building and construction industry.
Leicestershire’s Barratt said it had moved on the Scottish-headquartered manufacturer to help it meet new targets for building at least a fifth of its homes using elements made off-site – including timber frames – by next year.
Oregon, which has factories in Selkirk and Burton on Trent, makes 2,000 wooden frames for new builds each year, and has around 170 staff.
Joint managing director Kenny Dunkley announced this month it had exceeded its sales targets for 2019 in just six months, an increase in business of 60 per cent on the same time last year.
Speaking earlier this month he said: “Our order book looks extremely healthy and despite uncertainty with Brexit it’s very much business as usual with all customers expecting a busy time for the remainder of the year.
“Our second manufacturing facility in Selkirk has space to expand and we are currently recruiting and training to meet our customers growing requirements.”
Oregon is one of Barratt’s key timber frame suppliers and also works with housebuilders such as Taylor Wimpey, Bloor Homes – which is based a few miles up the road from Barratt in Measham – and various big Scottish builders.
Most recent accounts for 2017 showed turnover was up around 10 per cent year-on-year at almost £24 million.
Most Read
Last year Barratt, which is based in Coalville, announced that it wanted to see growth of 3-5 per cent in the next few years.
Over the last three years, it has built around 5,500 homes using timber frame construction, using it for most of its Scottish homes. It is increasing its use across England and Wales.
Barratt sold 17,579 homes in the year to June 2018, making it the biggest housebuilder by volume in Britain.
Sales growth in the last six months of 2018 pushed revenues up by more than 7 per cent to £2.132 billion for the period.
Margins improved substantially for those six months, with pre-tax profits up almost 20 per cent at £408 million.
Leicester Business News
Following the acquisition, Oregon will remain based in Scotland where the management team will continue to lead the business, complementing the Barratt operations in Scotland.
Steven Boyes, chief operating officer of Barratt Developments said: “We are delighted to announce that we have successfully acquired Oregon Timber Frame, one of the leading timber frame manufacturers in the 海角视频.
Don’t miss
“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 of Oregon Timber Frame, said: “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.”