Local housebuilder snapped up for £200,000

Galliford Try has bought Cornwall-based housebuilder Rosemullion Homes for £200,000.

The deal includes nine sites, comprising 24 units under development and a landbank of 132 units.

In its last financial year to 31 December 2008, Rosemullion Homes' turnover was £7.5m.

Greg Fitzgerald, chief executive of Galliford Try said: “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.”