Selkirk business sold
Barratt snaps up Borders firm Oregon Timber Frame
New owner but management remains in place
Britain’s biggest home builder Barratt Developments has acquired Borders-based Oregon Timber Frame, one of its key suppliers.
Oregon employs 150 staff and is one of the UK’s largest timber frame manufacturers and will remain based in Selkirk where its management team will continue to lead the business, complementing the Barratt operations in Scotland.
Barratt last year announced new volume growth targets 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 about 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.
The acquisition has no material effect on the Board’s expectations for the financial year.
Steven Boyes, Barratt’s chief operating officer, said: “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, 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.”