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<\/p>\nRoyal Homes Logo (CNW Group\/Royal Homes Limited)<\/p>\n<\/div>\n
Royal Homes in Wingham, Ont., has been acquired by a management group led by industry veteran Sid Kerrigan, the long-time president of Brookfield Residential\u2019s Ontario housing division. Royal Homes has built custom prefabricated homes out of its 115,000-square-foot manufacturing facility in Wingham, Ontario for 55 years.<\/p>\n
\u201cOur market needs a faster, more efficient way to construct and deliver new homes, and Royal Homes will play a lead role in driving that innovation forward\u201d, said Kerrigan. \u201cThough we will remain focused on delivering the highest-quality custom homes, our plant has significant available productive capacity, so we will partially pivot towards more repeatable housing designs, across a range of built-forms. We will expand our dealer network throughout Ontario and build upon our many valued relationships with municipalities and First Nations communities in order to fast-track housing supply to those areas with the highest need.\u201d<\/p>\n
To scale up the business, the Wingham manufacturing facility will see a significant financial investment that is expected to create hundreds of new jobs over the next three to five years.<\/p>\n
\u201cRoyal Homes is an integral part of the Wingham community.\u00a0 We are committed to growing our investment and productive output in Wingham while generating high quality jobs and meaningful housing solutions,\u201d Kerrigan added.<\/p>\n<\/div>\n