In 2019 Lagan Investments bought a majority stake in FrameTech.
This has allowed us to take FrameTech to the next level and expand our footprint throughout the UK.
Working alongside FastHouse – this will allow us to add more value to our ever-growing customer base.
Peter Lagan, director of Lagan Investments, said:
“The acquisition of FrameTech provides us with the opportunity to expand our timber frame representation into the North of England. The company has a young, enthusiastic and dynamic management team and we feel very confident that we can work together to grow the business further.
“Given the ever-increasing demand for off-site manufacturing, and the need to address the shortage of homes throughout the UK and Ireland, we intend to collectively grow our market share and consider further acquisition opportunities.”
Jamie Atkinson, managing director of FrameTech Structures, added:
“This new investment by Lagan will allow us to take the business to the next stage, expanding both our product offering and geographical coverage. Having worked closely with Kevin and the Lagan management personnel over the past few months, we are very confident that our talented teams can work together to deliver value for money solutions for both existing and new customers. We also envisage exciting opportunities to work closely with the Lagan owned FastHouse operation.”