Oregon Timber Frame completes buy-out4 April 2018
Selkirk-based Oregon Timber Frame Ltd has completed a buy-out of its non-management shareholders, including the 15% stake in the business held by its largest external shareholder group, Archangel Investors.
The move brings to a close a near 20-year relationship between Oregon and Archangels, the Edinburgh-based business angel investment syndicate.
Oregon’s most recent accounts, for 2016, reported record turnover of £21.7m and pre-tax profit of £1.9m. From its headquarters in Selkirk in the Scottish Borders, and an additional manufacturing plant in Burton upon Trent in Staffordshire, Oregon employs 148 people.
“Archangels has been a part of Oregon since the early days of the company and we’re truly grateful for the support that they have provided to us,” said Rod Lawson, Chairman of Oregon.