Market Overview

Two Leaders in the Custom Wood Home Building Industry Have Officially Joined Forces


Two Leaders in the Custom Wood Home Building Industry Have Officially Joined Forces

PrecisionCraft Log Homes is pleased to announce that their acquisition by PFB corp. of Calgary, Alberta, Canada was finalized on February 15th. PFB is also the parent company of Riverbend Timber Framing.

Meridian, Idaho (Vocus/PRWEB) February 21, 2011

With the acquisition of PrecisionCraft Log and Timber Homes, PFB has created a new operating subsidiary which now includes Riverbend Timber Framing, located in Blissfield, Michigan, and Insulspan Structural Insulated Panels (SIPs) located in both Blissfield and Vancouver, BC. This new group will be headquartered at the PrecisionCraft facility in Meridian, Idaho with former PrecisionCraft President, Jim B. Young, acting as Chief Operating Officer.

"Although we are combining two wood home industry leaders under the same umbrella, we plan to continue to grow each brand in its own right," says new COO Jim Young. "Those individuals who prefer a more traditional, intricate timber home style can still select to build a signature Riverbend timber home, while those who prefer a more mountain-style log or timber home can choose to work with PrecisionCraft."

While headquartered in Meridian, the facilities in Vancouver and Blissfield will continue to operate and provide end-customers with quality SIPs and Timber Frame Homes. By combining these three companies within one group, that group can focus on supplying the United States, Canada and the International community with a wide variety of high-quality, energy-efficient custom log and timber homes.

Young and his team are excited about the opportunities that await all three companies in the next few years. "We see a lot of potential for growth both individually and by combining our strengths," says Young. "We will be in a unique position to provide our clients with the most thorough and complete Total Home Solution®."

About PrecisionCraft Log & Timber Homes:

PrecisionCraft was founded in 1990 by Jim B. Young and has become an industry leader in the production of custom log homes and timber frame homes. They are known for their varied selection of log and timber style homes, which include: handcrafted log, milled log, timber frame, log post and beam and log and timber hybrid. Together with their design firm, Mountain Architects Inc., they have won numerous awards for their home design and construction.

About PFB:

PFB Corporation is publicly traded on the Toronto Stock Exchange and operates several manufacturing facilities in Canada and the United States, producing insulation and other building products. As part of their mission, PFB provides expanded polystyrene (EPS) product solutions which can be integrated into building structures such as log homes and timber homes. As part of PFB's extended product line they also produce floatation for marine construction, lightweight fill and compressible fill for geotechnical construction projects, and component solutions for Original Equipment Manufacturers. - -

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