Global Bamboo Technologies (DBA BamCore), the manufacturer of timber bamboo- and Eucalyptus-based building materials founded in 2008, announced that its Board of Directors and controlling shareholders have voted to sell the company’s IP and assets, marking the conclusion of its 17-year mission to revolutionize sustainable construction.
Since its founding by William McDonald, BamCore has been at the forefront of sustainable building materials manufacturing, pioneering the decarbonization of the built environment through its patented timber bamboo-based structural framing systems.
“While this sale marks the end of our current operations, it celebrates the extraordinary achievements and lasting impact our team has made on the construction industry,” says Hal Hinkle, CEO of BamCore.
The company’s innovations earned prestigious recognition, including placement among Fast Company’s Top 10 Most Innovative Manufacturing Companies globally for 2023. BamCore’s DuoShear framing system won “Building Materials Innovation of the Year” at the PropTech Breakthrough Awards for two consecutive years. The company was also awarded grants from the US Department of Energy and the US Environmental Protection Agency to further advance building decarbonization.
Despite technological breakthroughs with timber bamboo and Eucalyptus materials, evolving market dynamics and financial considerations led to the board’s decision to pursue the asset sale.
For more, visit www.bamcore.com.