Premier Forest Products acquires National Timber Systems from administrators
AI Article Summary
Premier Forest Products has acquired National Timber Systems, ensuring job security for 160 employees after the collapse of its former parent company. NTS specializes in engineered timber products for housebuilders and the modular construction sector. The acquisition secures the continuity of NTS operations separate from its previous ownership under National Timber Group UK.
What This Means for Canadian Contractors
This project shows how acquisitions can provide stability in turbulent markets, safeguarding jobs and maintaining business continuity. For Canadian builders, this means keeping an eye on market consolidation trends, which may impact supply chain reliability and costs. The focus on modular construction products also suggests that the demand for such innovative building methods continues to rise.
