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News

Timber Trade Federation and TRADA Announce MOU for Aligned Strategy and Improved Impact

Posted: Nov 17, 2020

Signing of a Memorandum of Understanding (MOU).

The Governing Boards of the Timber Trade Federation (TTF) and the Timber Research and Development Association (TRADA) have announced the signing of a Memorandum of Understanding (MOU) to align the strategies and activities of each organisation with a view toward a merger of the two organisations.

The MOU was signed on October 6th 2020 and work has begun to conduct due diligence on both parties and propose a new operating structure for the merged organisations.

The two organisations will continue to run operations in parallel under a common management plan for at least the first year before starting to merge activities, ensuring that no aspect of current member services is neglected or lost from either.

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