Business | Jan 19

Sekisui House to Acquire American Homebuilder for $4.8 Billion

TOKYO, Jan 19 (News On Japan) - Sekisui House announced on Thursday its plans to acquire the American homebuilding company, M.D.C. Holdings, for 720 billion yen, positioning it as the fifth-largest homebuilder in the United States.

The acquisition, slated for completion by July, would enable Sekisui House to supply approximately 15,000 homes annually in the U.S.

Amid a declining population and shrinking domestic market, Japanese housing companies are increasingly seeking to expand their operations overseas.

Similarly, Daiwa House also announced this month the acquisition of an American company, marking a continued trend of Japanese firms making significant investments in the U.S. housing market.

Source: ANNnewsCH


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