Barratt Developments has announced the acquisition of Oregon Timber Frame Ltd, one of the UK’s largest timber frame manufacturers
In 2018 Barratt Developments 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.
Over the last three years, Barratt has built 5,500 homes using timber frame construction. It currently uses it in the majority of residential properties it builds in Scotland and is increasing its use across England and Wales.
Oregon is one of Barratt’s key timber frame suppliers. Following the acquisition, Oregon will remain based in Selkirk, Scotland where its management team will continue to lead the business, complementing the Barratt operations in Scotland.
The acquisition has no material effect on the board’s expectations for the financial year.
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 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 of Oregon, added: “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.”
