Sumitomo Forestry Completes Tri Pointe Homes Acquisition for $47/Share
Sumitomo Forestry Co., Ltd. has successfully completed its acquisition of Tri Pointe Homes, Inc. for US$47.00 per share. Tri Pointe Homes is now a wholly owned subsidiary of Sumitomo Forestry America, Inc. and will cease trading on the New York Stock Exchange. This strategic acquisition integrates Tri Pointe Homes' premium brand and operations across 13 high-growth states, positioning the Sumitomo Forestry Group as the 5th largest homebuilder in the U.S., delivering approximately 15,000 units annually across 18 states. Both companies plan to leverage their combined expertise to expand scale, enhance management efficiency, and improve profitability, working towards Sumitomo Forestry's Mission TREEING 2030 goal of supplying 23,000 homes annually in the U.S. by 2030.
Key Highlights
- Sumitomo Forestry completed the acquisition of Tri Pointe Homes.
- The acquisition was finalized at US$47.00 per share.
- Tri Pointe Homes is now a wholly owned subsidiary of Sumitomo Forestry America, Inc.
- Tri Pointe Homes will cease trading on the New York Stock Exchange.
- The combined entity becomes the 5th largest U.S. homebuilder, delivering approximately 15,000 units annually across 18 states.
- The acquisition adds Tri Pointe Homes' operations across 13 high-growth states.
- Sumitomo Forestry aims to supply 23,000 homes annually in the U.S. by 2030 under its Mission TREEING 2030 goal.
- Tri Pointe Homes has delivered over 58,000 homes in its 17-year history.