The Donaldson Group has acquired timber frame manufacturer Stewart Milne Timber Systems (SMTS). The move marks the Donaldson Group’s entry into the timber frame market.
Established in 1975 as the timber frame arm of the Stewart Milne Group, Aberdeen-based SMTS operates from three manufacturing plants in Aberdeen, Witney and a new facility in Falkirk.
All staff and operations will continue unchanged. Alex Goodfellow (Stewart Milne Group Managing Director – Strategic Development) will transfer with the business into the role of CEO, Donaldson Off-site Manufacturing and join Rod Allan (SMTS Managing Director) and the current Board of Directors in continuing to drive the business.
Announcing the acquisition, Andrew Donaldson, CEO of the Donaldson Group, said: “We’re delighted and proud to have successfully acquired this terrific timber frame business. This deal secures the future for a leading UK-based business; enabling the growth plans for it to reach its full potential, while providing reliability and stability for its existing and new customers. SMTS is a natural fit for the Donaldson Group; it offers a similar family-owned ethos, and has a strong reputation and track record for investment and innovation. We’re pleased to welcome all 411 employees to our family business and look forward to working closely with Alex and the full team.
“This is an exciting move for the Donaldson Group, as we venture into the timber frame market at a time when interest in the material has never been higher. The use of timber frame is anticipated to double in the next five years as housebuilders turn to modern methods of construction and renewable sources to achieve crucial net-zero carbon targets. This acquisition supports the Donaldson Group’s commitment to sustainability: building a sustainable business and supporting a sustainable industry.”
Alex Goodfellow, CEO, Donaldson Off-site Manufacturing, added, “We have secured the perfect partner who is committed to our growth strategy and who will support us to achieve our vision. The Donaldson Group has a strong reputation for partnerships, reliability and integrity and we are clearly aligned both strategically and operationally which can only help strengthen our market-leading position.”
