Sekisui House, Ltd. and Woodside Homes today announced that it has entered into a definitive merger agreement under which Sekisui will acquire 100% ownership of Woodside. Sekisu, Japan’s largest home builder, will complete the transaction through one of its wholly-owned US subsidiaries. Woodside is one of America’s top 30 home builders, having built more than 40,000 homes across the US, with current operations in Arizona, California, Nevada, and Utah.
“There is a natural alignment between our companies — both sharing the same philosophy of creating environmentally sound communities and fulfilling the housing industry’s responsibility to future generations,” said said Isami Wada, chairman and CEO of Sekisui. Woodside Homes is an important growth platform for our North America home building operations”
Said Joel Shine, Woodside CEO, “We’re thrilled with the opportunity to join forces with Sekisui. The acquisition provides the opportunity for us to continue to build homes with lasting value, integrity and quality while providing excellent service and earning the trust and respect of customers who seek the most from their home-ownership experience.”
Woodside Homes’ company name, executive team and daily operations will remain the same. Sekisui will provide shared technologies and economic resources in support of Woodside Homes’ growth.
Closing is scheduled to occur at the end of February 2017.
