LF FastHouse Limited, today announced that it has completed the incorporation of the Monaghan based Century timber frame business. Kingspan Group will retain a minority shareholding in the expanded FastHouse business.

This represents a major milestone for FastHouse, which will see the company doubling its production capacity to 3,000 homes and increasing its workforce to over 380 team members. 

Commenting on the transaction, Peter Lagan, Chairman of FastHouse, said:
“We are delighted to welcome Century’s dedicated team and excellent facilities to our business. Their exemplary manufacturing capabilities complement our operations, supporting our ability to deliver quality housing and enabling us to play a key role in tackling the housing challenges in Ireland. Backed by an experienced construction family and bolstered by this strong timber frame manufacturing legacy, FastHouse is poised for an exciting new chapter of expansion and innovation.”

Colin Clements, Managing Director of FastHouse, added:
“This will significantly expand our capacity and enhance our capabilities. As the housing crisis continues to present challenges across the island this investment allows us to respond with speed and scale to support the delivery of high quality, affordable homes that drive economic growth whilst also meeting sustainability goals.”

FastHouse designs, manufactures and installs timber frame structures, facilitating faster, greener and high-quality home builds. It works with major developers across the island of Ireland, including Cairn Homes, Lagan Homes and D/RES Properties with the company also playing an integral role in the delivery of Center Parcs in County Longford.

Timber frame homes offer affordable housing through off‑site construction delivered to precise specifications. They minimise waste delivering quality, sustainability and consistency in the construction of modern and thermally efficient homes. Timber frame has long been used in construction globally, however the modernisation of this construction method through the use of high-quality factory-based processes and automation enables FastHouse to offer strong sustainability and performance benefits.

Concluding, Colin Clements said:
“Our vision for FastHouse is clear, to further develop and grow our team, facilities and business in a way that meets the evolving needs of our customers and the housing market, and we are looking forward to continuing that exciting journey with our new colleagues.”