Truro-based housebuilder Rosemullion Homes has been bought out by UK construction group Galliford Try for £200k.
The acquisition will add nine sites to Galliford Try’s existing business in the south west, comprising 24 units under development and a landbank of 132 units. In its last financial year to December 31, 2008, Rosemullion’s turnover was £7.5 million.
Greg Fitzgerald, chief executive of Galliford Try plc, commented: “Rosemullion Homes is an excellent example of an opportunity to acquire a quality local housebuilder in line with our strategy of growing our housebuilding business both in and adjacent to our existing areas of operation across the south of England”.
Rosemullion Homes secured the ‘What House?’ Housebuilder of the year award in 2008.