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Slide #68. Cavco Industries, Inc. — Fleetwood Homes, Inc.
Cavco Industries, Inc. (NASDAQ:CVCO)
Fleetwood Homes, Inc.
Cavco Industries, Inc. (Nasdaq:CVCO) today announced that it entered into an agreement to acquire full ownership of Fleetwood Homes, Inc., the parent company of Fleetwood Homes, Palm Harbor Homes, CountryPlace Mortgage, and Standard Casualty business units.
Cavco Industries designs and produces factory-built homes primarily distributed through a network of independent and Co.-owned retailers, planned community operators and residential developers. Co. is a producer of manufactured homes marketed under a variety of brand names including Cavco, Fleetwood, Palm Harbor, Fairmont, Friendship, Chariot Eagle and Destiny. Co. is also a producer of park model RVs, vacation cabins and systems-built commercial structures, as well as modular homes built under the Nationwide Homes brand. Co.'s finance subsidiary, CountryPlace Acceptance Corp., provides conforming mortgages, non-conforming mortgages and home-only loans to purchasers of factory-built homes.
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Buy (3.00 out of 4)