Sumitomo Forestry has agreed to acquire Tri Pointe Homes in an all-cash transaction valued at approximately US$4.5 billion. This move will expand the supply of affordable housing in the U.S. and enhance Sumitomo Forestry’s investment in the country. Tri Pointe Homes operates in 13 high-growth states and offers more than 150 active communities. Stockholders of Tri Pointe Homes will receive US$47.00 per share, representing a 29% premium to the closing stock price on February 12, 2026. This acquisition aligns with Sumitomo Forestry’s goal of supplying 23,000 homes annually in the U.S. by 2030.

Read more at GlobeNewswire: Sumitomo Forestry Announces Strategic Combination with Tri