Barratt Developments acquired Oregon Timber Frame.

Barratt Developments, one of the largest residential property development companies in the United Kingdom, acquired Oregon Timber Frame, one of the UK's largest timber frame manufacturers. Financial terms were not disclosed. Steven Boyes, Chief Operating Officer, Barratt Developments, commented: "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."