Japan's Sekisui House buys U.S. homebuilder MDC for $4.9bn

Deal expands group's footprint to 16 states in key market

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Sekisui House expands its footprint in the U.S. with the MDC acquisition. (Photo by Nikkei)

NARUSHI NAKAI, Nikkei staff writer

OSAKA -- Japanese homebuilder Sekisui House said Friday that it completed a roughly $4.9 billion acquisition of U.S.-based peer MDC Holdings.

The Sekisui House group expands its homebuilding operations in the U.S. to 16 states with this deal.

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