Springfield buys rival Scottish house builder for £46m

Leading Scottish house builder Springfield has struck a deal to buy rival Mactaggart & Mickel Group for £46m.
Under the terms of the deal, Springfield will acquire 17 sites with planning permission for around 700 homes, valued at £230m.
The deal also includes Timber Systems, a timber frame factory near Glasgow, which will give Springfield a second timber frame factory allowing it to increase capacity for future growth. Around £10m will be paid upfront with further