News in international markets


Donaldson Group Announces Purchase of Stewart Milne Timber Frame Business

Donaldson Group, a Scottish timber specialist that was founded in 1860 and continues to be operated by the original owner’s family, has announced that they have bought the timber frame arm of housebuilder Stewart Milne for an undisclosed sum. Milne put the business division up for sale in October as part of an ongoing restructuring and refinancing process by the Scottish homebuilder.

Timberline Announces $63 Million Investment in Bell Bay Operation

Timberlink, one of Australia’s leading national timber manufactures and distributors, has announced that it is investing $63 million (AUD) in its Bell Bay operation as part of a plan to substantially increase its structural timber output. When completed the project is expected to increase the timber manufactured at the site by more than 50 percent, providing material for an estimated 7000 new houses.