FastHouse Expands with Century Merger

0:00It's April 1st, from London to Lisbon, Paris to Prague. This is Year of News today, powered by AI. I'm Cory with the story. Fast House, the Lemavati Timber construction crew, just locked in a majority stake in King Span's Century Timber frame outfit from Monahan. This dealfolded Century into Fast House, with King Span hanging onto a minority slice, and it's already doubled their production punch to 3,000. It comes a year while bumping the workforce past 3.080 strong. The merger got the green light from Ireland's competition watchdog on February 26th, after talks kicked off back in January. Fast House, backed by the Lagan family's Bill Fast Investment Arm, now runs a beefed-up operation spanning Kavanaugh and Lemavati factories. Leaders are hyped, saying this combo amps up their game to tackle Ireland's housing crunch head, on. Peter Lagan called it a perfect fit for cranking out quality, sustainable homes, while managing director Colin Clements stressed how it scales up.

1:00Speed for affordable builds amid the ongoing crisis. Fast House has solid roots, launching in 2015, and holding steady after the Lagan group's 455 million pound sale to. Breeden, in 2018. Last year's book showed 35 million pounds in turnover, and 5.2 million in pre-tax profit. With this fresh muscle, Fast House is geared up to expand, innovate, and keep pushing prefab timber solutions across the island, meeting the markets. Urging call for more homes.