Red Stag and TimberLab collaborated on the just-completed Clearwater Quays luxury apartment development – an exemplar for sustainable low-carbon earthquake-resistant construction.
Surging interest in sustainable construction has seen one of the New Zealand’s oldest mass timber businesses combine with one of the youngest. After 64 years in McIntosh family ownership TimberLab Solutions has joined the Red Stag group following a share sale completed last week. Source: Timberbiz
TimberLab has been the company behind many of the iconic large-scale glulam and laminated veneer lumber projects in New Zealand’s history. The company also has a significant portfolio of impressive projects internationally.
Recognising the need from external investment to develop and grow TimberLab, discussions were initiated with Red Stag in late 2021.
“The purchase of TimberLab was a logical fit,” Red Stag group CEO Marty Verry said.
“In many ways, it brought the missing pieces of a puzzle that Red Stag has been building over the last two decades.”
Red Stag runs the country’s largest sawmill, Cross Laminated Timber factory and a frame and truss operation, whilst TimberLab brings mass timber glulam, LVL and CLT capacity and expertise.
Whilst TimberLab has been operating in Auckland since 1958, Red Stag only opened its CLT factory in Rotorua last year.
“The merger allows Red Stag to get a jump start on its growth path by combining two very capable teams and leveraging off TimberLab’s long history and institutional knowledge in the mass timber space,” Mr Verry said.
“This is an exciting merger for the New Zealand building design and construction community.”
