Global Bamboo Technologies (DBA BamCore), the innovative manufacturer of timber bamboo- and Eucalyptus-based building materials founded in 2008, announced today that its Board of Directors and controlling shareholders have voted to sell the company鈥檚 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. The company鈥檚 groundbreaking approach harnessed nature鈥檚 fastest-growing structural fibers, combined with cutting-edge industrialized construction technology, to create building solutions that are both environmentally transformative and economically competitive.
鈥淲hile 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,鈥澛�said Hal Hinkle, CEO of BamCore.聽鈥淲e鈥檝e proven that carbon-negative construction is not just possible but practical and profitable, and we鈥檙e immensely proud of the foundation we鈥檝e built for future sustainable building innovations.鈥�
A Revolutionary Legacy
Throughout its journey, BamCore achieved remarkable milestones that transformed construction practices with its Prime Wall鈩� system鈥攁 carbon-negative, custom, prefabricated, panelized framing system utilizing timber bamboo and Eucalyptus. Through patented advanced framing technology and BamCore鈥檚 Load Optimized Biogenic Industrialized Construction (LOBIC),聽the company delivered revolutionary improvements over traditional wood framing, resulting in:
鈥� Twice the strength
鈥� 50% better thermal performance
鈥� 50% faster installation times
鈥� Reduced reliance on skilled labor on job sites
鈥� Zero job site waste
BamCore鈥檚 sustainability achievements were unprecedented:
鈥� 223 metric tons of CO鈧� savings per building 鈥攁 42% reduction compared to traditional framing.
鈥� Up to 116% lower embodied carbon聽in construction.
鈥� Up to 6% reduction in annual operational emissions.
Carbon sequestration when used in building products:
鈥� Timber bamboo: 6x the CO鈧� capture potential vs. softwood.
鈥� Eucalyptus: 4.6x the CO鈧� capture potential vs. softwood.
Land use efficiency:
鈥� Bamboo uses 72% less land per house than conventional timber.
鈥� Eucalyptus yields 17 houses per hectare, compared to 6.6 for softwoods鈥攁 134% improvement.
The company鈥檚 innovations earned prestigious recognition, including placement among Fast Company鈥檚 Top 10 Most Innovative Manufacturing Companies globally for 2023. BamCore鈥檚 DuoShear framing system won 鈥楤uilding Materials Innovation of the Year鈥� at the PropTech Breakthrough Awards for two consecutive years. Hinkle was selected by the Construction Institute as a global Construction Visionary in 2022. The company was also awarded grants from the US Department of Energy and the US Environmental Protection Agency to further advance building decarbonization.
Investment and Growth Journey
Investor support for BamCore LLC鈥檚 original mission, and again in the subsequent recapitalization into Global Building Technologies, allowed the company to truly push the envelope for decarbonizing residential building while simultaneously reducing dependence on skilled labor. The company developed five generations of high-performance panels and three generations of framing systems to optimize product-market fit. Special recognition goes to聽聽for its early and continuous support, insight, and leadership over five years as BamCore developed its unmatched digital design platform, and to聽聽for its intellectual and financial investment in BamCore鈥檚 most advanced product 鈥� the聽.
Despite strong investor confidence and technological breakthroughs with timber bamboo and Eucalyptus materials, evolving market dynamics and financial considerations led to the Board鈥檚 decision to pursue the asset sale.
The Path Ahead
While BamCore鈥檚 current chapter concludes, the company鈥檚 vision for a resilient built environment using deforestation-free, rapidly renewable materials remains more relevant than ever. The technologies and methodologies pioneered by BamCore have definitively demonstrated that carbon-negative construction and operations can be combined with labor, time, and waste reduction on the job site.
BamCore鈥檚 IP, digital assets, inventory, and fabrication assets in both Ocala, Florida, and Windsor, California, will be sold over approximately the next 60 days. The 17-acre production campus in Ocala will be listed for sale shortly. Parties seeking additional information, including the opportunity to acquire the IP and franchise assets, can contact:聽GBT.assets@BamCore.
