Housebuilder Glenveagh Properties has acquired Wicklow-based timber frame manufacturer, Harmony Timber Solutions.
Harmony - which employs 50 people - produces around 450 high-quality timber frame units per year.
Glenveagh says the acquisition will increase its overall delivery capability and accelerate the supply of new homes.
The group has a target of 3,000 units per year across its various segments.
The acquisition price was not disclosed but it is subject to approval from the Competition and Consumer Protection Commission.
"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," Glenveagh Chief Executive Stephen Garvey said.
"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," he added.
"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," Garrett Dempsey, Founder and MD of Harmony Timber Solutions said.
