Content about Shapell Industries

November 14, 2013

For $1.6 billion, Toll Brothers has agreed to purchase Beverly-Hills-based Shapell Industries, a family-owned luxury home-building business founded by the late Auschwitz survivor Nathan Shapell.

The deal, which seeks to greatly expand (more than double) Toll Brothers' burgeoning California presence, includes Shapell's land portfolio of roughly 5,200 home sites in many lucrative coastal communities that are difficult to obtain.

November 7, 2013

Toll Brothers is expanding its footprint in California through the purchase of Shapell Industries' home building business.

"This acquisition will provide significant growth over the coming years and, we believe, will be accretive to earnings in the first year, excluding transaction costs," said Douglas Yearley, Toll Brothers chief executive.