Cala Group, a major UK homebuilder has announced the 100% acquisition of Taylor Lane Timber Frame Ltd, one of the UK's leading timber frame construction specialists. The investment will help drive Cala's progress towards their sustainability targets and support delivery of the group's ambitious growth plans in the South of England.
Cala's carbon reduction strategy sets out their transition to timber frame across all the homes they build in England, where possible. The investment in Taylor Lane will help Cala to increase the use of timber frame in England to c.1,500 new homes per annum, over the next five years. In Scotland, Cala has been using timber frame construction for over 40 years, and around 80% of Cala's homes there are built using this method.
With factories in Hereford and Wales, Taylor Lane will supply Cala's five English businesses in the Cotswolds and South of England, while continuing to service existing customers and grow their presence in the wider market. The investment illustrates Cala's confidence in Taylor Lane's potential and provides a strong platform for continued growth, while ensuring both consistency and stability for Taylor Lane's employees, customers and operations.
Kevin Whitaker, CEO at Cala Group, said: "Today's announcement is a hugely positive step forward for both Taylor Lane and Cala. Taylor Lane is a successful business with an experienced management team and talented workforce. For Cala, this also demonstrates our clear commitment to delivering our climate targets. The investment in Taylor Lane sets out our path to transitioning to timber frame across our English developments, a key element of our sustainability strategy. The positive arguments for timber frame construction have never been more compelling."
Jonathan Lane, Managing Director at Taylor Lane, added: "This marks the start of an exciting new chapter for Taylor Lane and is a fantastic endorsement of our potential from a highly respected UK homebuilder. We are delighted to being moving forward with Cala as our new owners. Over the past 40 years we have successfully grown Taylor Lane to a £30million turnover business delivering around 2,000 timber frame units per year, to a wide variety of sectors. This is testament to the vision of our co-founders, Colin Taylor and Barrie Lane, and the hard work and commitment of our employees alongside the quality of our product and our approach to customer service. We are all incredibly proud of Taylor Lane's achievements to date."
Pictured L-R Brian Johnson, Group Development Director, Cala Group & Jonathan Lane, Managing Director, Taylor Lane
Source:
www.cala.co.uk
www.taylor-lane.co.uk
