Sumitomo Forestry announced on Friday a definitive agreement to acquire Tri Pointe Homes (NYSE:TPH) for $47 per share in an all-cash transaction.
The deal values the California-based homebuilder at approximately $4.5 billion (approx. ¥689 billion), marking a massive escalation in the Japanese firm's ambition to dominate the North American residential market.
The offer price represents a 29% premium to Tri Pointe’s closing price of $36.56 on February 12, 2026, and a 42% premium to its 90-day volume-weighted average price.
The acquisition is the largest in Sumitomo Forestry's history and is expected to vault the group into the ranks of the top five largest homebuilders in the United States.
By integrating Tri Pointe’s annual delivery of roughly 6,460 units across 13 states, Sumitomo Forestry’s total U.S. output will surge to approximately 18,000 units annually.
This moves the company significantly closer to its "Mission TREEING 2030" goal of delivering 23,000 homes per year in the U.S. market.
The Japanese timber giant plans to leverage its proprietary wood-centric value chain, including advanced prefabrication and sustainable timber sourcing, to enhance Tri Pointe’s operational scale.