Reds10 Group’s MMY US acquisition secures U.S. offsite beachhead

UK-based construction and manufacturing firm Reds10 Group will expand into the United States market through a majority-stake acquisition of MMY US, a vertically integrated modular homebuilder, the company announced. The deal, whose financial details were not disclosed, pairs Reds10’s capital and industrialized building technology with MMY’s American manufacturing footprint. The combination scales production capacity across the UK and US to approximately 640,000 square feet across 14 operating companies and more than 1,000 employees. Reds10 Group operates a 300,000-square-foot off-site manufacturing facility in Drillfield, Yorkshire, representing the largest off-site residential manufacturing facility in the UK. MMY US, meanwhile, has a 100,000-square-foot manufacturing facility in Louisville, KY, and is planning to open a 185,000-square-foot facility in Cleveland. For Reds10, which has operated across the UK defense, healthcare, justice, education and housing sectors for more than two decades, the majority stake gives the group an established platform to deploy industrialized construction methods into the US housing market. “This investment marks an important step for Reds10 Group,...