Wyckham Blackwell and The Keystone Group has announced that they have together acquired a 50% stake in the Timber Innovations Ltd Timber Frame business in Solihull as part of a Strategic Partnership Agreement.

The agreement will focus on:

  • Providing total timber engineering building solutions for customers
  • Sharing manufacturing best practice and facilities
  • Developing new and improved off-site construction options
  • Financial and purchasing support.

Stephen Thompstone, Wyckham Blackwell managing director, said: "We have worked closely with the team at Timber Innovations for many years and this will be a huge help to take our business to a wider customer base."

Sean Coyle, chairman of Keystone Group, said: "Timber Innovations is a perfect fit with our other Group businesses and we are looking forward to working closely with their team to develop off-site and pre-manufactured product ranges to the construction and housebuilding industry."

David Himmons and Rob Jones, directors of Timber Innovations, added: "Our business has expanded rapidly and this is now a great opportunity to take us forward to the next level with two innovative and forward-thinking companies."