MORAY company Springfield Properties has bought Glasgow-based Dawn Homes for just over £20million.
The acquisition is part of the Springfield’s stated strategy to accelerate its growth throughout Scotland.
Sandy Adam, the
company’s executive chairman, said: "This was a rare
opportunity to acquire a profitable company that builds great homes. Dawn Homes is a well-run business with an excellent reputation in Western Central Scotland.
"I am delighted that they are joining our team and welcome all their employees into our company.
"There is a massive need for more housing in Scotland and Springfield will play a significant part in addressing that need.
"Overall, this acquisition will enable Springfield to grow and deliver housing more widely across Scotland."