Homebuilder Glenveigh sees purchase of Wicklow-based Harmony as key to delivering 3,000 new Irish homes per annum.
Glenveigh Properties has acquired Harmony Timber Solutions for an undisclosed sum.
Harmony employs over 50 people and operates from a purpose-built state-of-the art facility capable of producing 450 high-quality timber frames per year.
“This acquisition will give us three major facilities in key locations, all within an hour’s drive of Dublin and, more importantly, close to where we are building the communities in which our customers will make their homes”
“Harmony Timber Solutions is a great success story and having worked with them for over five years, I know they’re a highly capable team who will play a crucial role in Glenveagh’s plans to continue delivering new high quality, sustainable homes to our customers,” Glenveigh CEO Stephen Garvey explained.
Striking the right Harmony
“We have been investing prudently in taking greater control of our supply chain in recent years to help meet evolving customer needs and deliver quality, sustainable homes while controlling costs in the process. Harmony ticks all of these boxes.
“This acquisition will give us three major facilities in key locations, all within an hour’s drive of Dublin and, more importantly, close to where we are building the communities in which our customers will make their homes.”
The acquisition will significantly increase Glenveagh’s overall delivery capability and accelerate the supply of new homes to 3,000 units per annum across its Suburban, Urban and Partnerships segments which are aligned with the Irish Government’s Housing for All initiative.
“We are delighted to become part of the Glenveagh family and we look forward to playing our part in growing the business,” said Gareth Dempsey, CEO of Harmony Timber Solutions.
“We have developed a state-of-the-art facility with our talented group of people, which will now be focused exclusively on making innovative, high-quality timber frame homes for Glenveagh’s customers, helping to alleviate the ongoing supply shortage.”