November 2, 2022
Asahi Kasei Homes Corp.

Asahi Kasei Homes concluded an agreement to acquire 100% ownership of Focus Plumbing LLC, Focus Framing, Door & Trim LLC, Focus Electric LLC, Focus Concrete, LLC, and Focus Fire Protection LLC (collectively referred to as “Focus Companies”), a Nevada-based residential plumbing, framing, electric, concrete, and fire protection group, on October 14, 2022 (US Eastern time), through a U.S. subsidiary, and completed the acquisition on October 31, 2022.

While strengthening its core business of order-built unit homes in Japan, Asahi Kasei Homes considers North American and Australian businesses to be important sources of additional growth, positioned as one of the Asahi Kasei Group’s “10 Growth Gears” (GG10), businesses to lead the next phase of growth in fields of focus as part of its medium-term management plan for fiscal 2024 focused on the theme “Be a Trailblazer.”

In North America, Asahi Kasei Homes acquired full ownership of Erickson Framing Operations LLC, an Arizona-based supplier of prefabricated building components in 2018; Austin companies¹, an Arizona-based residential electrical, concrete, and HVAC group in 2020; and Brewer companies², an Arizona-based residential plumbing group in 2021. Asahi Kasei Homes aims to enhance productivity and quality at manufacturing and construction sites by leveraging its systemization know-how.

The Focus Companies have provided high-quality services for residential plumbing, framing, electric, concrete, etc. in Nevada, earning a strong reputation among builders. The acquisition of the Focus Companies was agreed based on expectation of firm housing demand resulting from a shortage of housing due to population growth in Nevada, while having positive synergies with existing businesses in the adjacent state of Arizona. Moving forward, Asahi Kasei Homes aims to provide high-quality home-building services for the construction industry in the U.S., which has many challenges such as labor shortages and long construction periods.

Overview of the Focus Companies

Company names

Focus Plumbing LLC, Focus Framing, Door & Trim LLC, Focus Electric LLC, Focus Concrete, LLC, Focus Fire Protection LLC

CEO

Steve Menzies

Location

Las Vegas, Nevada, the U.S.

Establishment

2009

Employees

1,518 (as of July 31, 2022)

Operations

Plumbing, framing, electric, concrete, and fire protection work for home construction in Nevada

• ¹Austin Electric Services, LLC, Austin Concrete & Stone, LLC, and Austin HVAC, LLC
• ²Brewer Companies, LLC, Brewer Enterprises, Inc., Brewer Commercial Services, LLC, JBKB LLC (dba Benjamin Franklin Plumbing), T-Plug LLC

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