Japanese Giant Buying Up US Home Builders

Sumitomo Forestry’s latest acquisition is Tri Pointe Homes which it agreed to buy for $4.5 Billion. The Japanese firm, which traces its roots back to its original logging business started in 1691, paid a 29 percent premium for Tri Pointe. Publicly traded Tri Pointe Homes sold more than 6,400 units in 2024 and it’s just […]

Sumitomo Completes Teal Jones Mill Acquisition

The deal will allow the company to launch its first mass timber manufacturing facility in the U.S. For Tokyo-based Sumitomo Forestry Co. Ltd, the purchase of Teal Jones Louisiana Holdings LLC gives it the capabilities to produce dimension lumber and other materials for homes and multi-family buildings in addition to being able to get into […]