{"id":59117,"date":"2019-06-28T08:12:36","date_gmt":"2019-06-28T07:12:36","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=59117"},"modified":"2019-06-28T08:12:56","modified_gmt":"2019-06-28T07:12:56","slug":"barratt-timber-frame","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/mmc-news\/barratt-timber-frame\/59117\/","title":{"rendered":"Barratt Development acquires timber frame manufacturers"},"content":{"rendered":"

Barratt Developments<\/a> has announced the acquisition of Oregon Timber Frame Ltd, one of the\u00a0UK’s\u00a0largest timber frame manufacturers<\/h2>\n

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<\/a>, including timber frame, by 2020.<\/p>\n

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\u00a0Scotland\u00a0and is increasing its use across\u00a0England\u00a0and\u00a0Wales.<\/p>\n

Oregon\u00a0is one of Barratt’s key timber frame suppliers. Following the acquisition,\u00a0Oregon\u00a0will remain based in Selkirk,\u00a0Scotland\u00a0where its management team will continue to lead the business, complementing the Barratt operations in\u00a0Scotland.<\/p>\n

The acquisition has no material effect on the board’s expectations for the financial year.<\/p>\n

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\u00a0UK.<\/p>\n

“Barratt is committed to increasing the number of homes we build using offsite construction<\/a> as part of our overall volume growth aspirations and to mitigate the current skills challenges facing the industry.\u00a0Oregon\u00a0is the perfect company to help us do that, with a highly experienced management team, a skilled workforce and a high-quality product.”<\/p>\n

Rod Lawson, chairman of Oregon<\/a>, 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.”<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

Barratt Developments has announced the acquisition of Oregon Timber Frame Ltd, one of the\u00a0UK’s\u00a0largest timber frame manufacturers.<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[942],"tags":[997,661,696,915],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-59117","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-mmc-news","7":"tag-development","8":"tag-hr","9":"tag-offsite-construction","10":"tag-timber"},"acf":[],"yoast_head":"\nBarratt Development acquires timber frame manufacturers<\/title>\n<meta name=\"description\" content=\"Barratt Developments has announced the acquisition of Oregon Timber Frame 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