Positioning its overseas business as a growth area, Sumitomo Forestry is pursuing expansion of its housing business in the United States, with the aim of becoming a homebuilder doing business in states and markets with substantial volume of home sales. In June 2013, as part of such expansion, it acquired an equity interest in Bloomfield Homes, which engaged in the housing business in the Dallas-Fort Worth metropolitan area of Texas.
After this acquisition, the number of homes delivered in the United States by Sumitomo Forestry group is expected to become approximately 2,000 per year. Sumitomo Forestry plans to expand the scale of operations of the newly acquired company, as well as its existing housing businesses in the areas of Seattle and Texas through existing housing group companies including Bloomfield
Homes, aiming to establish by 2016 a scale of business capable of selling 3,000 houses per year, and it plans to proceed with growing its business aggressively through various efforts, such as expansion to other areas in the United States.
Gehan is a home building company established in 1994. It has provided a stable supply of approximately 1,000 homes per year for at least ten years mainly in Texas, and the number of homes delivered by it ranked 30th in the United States in 2012.
