Acquisition History / Sumitomo Forestry Co., Ltd. / Metricon Homes Pty Ltd

Sumitomo Forestry Co., Ltd. Acquires Metricon Homes Pty Ltd

Announced September 30, 2024 — $75.0M

Sumitomo Forestry Co., Ltd.Homebuilding 2024

What happened

Sumitomo Forestry agreed to acquire 51% of Metricon, Australia's largest homebuilder, based in Victoria, with sales of JPY 197.9bn. It is Sumitomo Forestry's fourth Australian housing acquisition since entering the market in 2008 and lifts group housing starts there above 7,000 homes a year.

Acquirer: Sumitomo Forestry Co., Ltd.
Target: Metricon Homes Pty Ltd
Announced: September 30, 2024
Price: $75.0M
Industry: Homebuilding
Buyer type: Strategic acquirer
Status: Announced, not yet closed

By the numbers

Sumitomo Forestry Co., Ltd.'s acquisition history

1st of 2 tracked deals

Disclosed prices

2 of 2 Sumitomo Forestry Co., Ltd. deals

Sumitomo Forestry Co., Ltd.'s average disclosed price

$2.18B

Sumitomo Forestry Co., Ltd.'s largest disclosed deal

Tri Pointe Homes, Inc. ($4.28B)

Tracked acquisitions in 2024

157 across all acquirers

Sumitomo Forestry Co., Ltd. in Homebuilding

2 acquisitions

Frequently Asked Questions About This Acquisition

When did Sumitomo Forestry Co., Ltd. acquire Metricon Homes Pty Ltd?

Sumitomo Forestry Co., Ltd. acquired Metricon Homes Pty Ltd on September 30, 2024. This was Sumitomo Forestry Co., Ltd.'s 1st publicly tracked acquisition out of 2 we have on record.

How much did Sumitomo Forestry Co., Ltd. pay for Metricon Homes Pty Ltd?

Sumitomo Forestry Co., Ltd. paid $75.0M for Metricon Homes Pty Ltd.

What does Metricon Homes Pty Ltd do?

What other Homebuilding companies has Sumitomo Forestry Co., Ltd. acquired?

Sumitomo Forestry Co., Ltd. has made 2 acquisitions in Homebuilding, including Metricon Homes Pty Ltd. See the full list on the Homebuilding and Sumitomo Forestry Co., Ltd. acquisition pages.

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