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Slide #6. 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. Co. is also a producer of park model RVs, vacation cabins and factory-built commercial structures. Co.'s finance subsidiary, CountryPlace Acceptance Corp. provides conforming mortgages, non-conforming mortgages and home-only loans to purchasers of factory-built homes. Co.'s insurance subsidiary, Standard Casualty Co., provides property and casualty insurance primarily to owners of manufactured homes.
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Buy (3.00 out of 4)