Barratt buys Oregon Timber Frame to boost offsite targets
Selkirk-based Oregon Timber Frame has been acquired by Barratt Developments.
One of the UK’s largest timber frame manufacturers, Oregon currently employs 150 staff and is one of Barratt’s key timber frame suppliers.
Barratt said the move marks the continuation of its target to grow volume by 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 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.
Following the acquisition Oregon will remain based in Selkirk where its experienced management team will continue to lead the business, complementing the Barratt operations in Scotland.
Steven Boyes, chief operating officer, Barratt Developments PLC, 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, Oregon Timber Frame Limited, 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.”