The
company was founded in 1984 by Mr. Jerry F. Wilson and opened its first
manufacturing facility in Addison, Alabama. The company first became
publicly traded in 1986 on the American Stock Exchange under the symbol "CXV".
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During 1987, the Company acquired six operating plants owned by
Brigadier
Homes, Inc. In February 1993, the Company acquired Homestead Homes, Inc.,
a privately-held company located in Cordele, Georgia.
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During 1993, the Company also expanded its Hamilton, Alabama production
facility and in
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May
of 1993 the Company opened an additional plant in Addison, Alabama.
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During 1994, the Company opened additional manufacturing facilities
located in Fort Worth, Texas and Winfield, Alabama and in October of 1994
the Company acquired Astro Mfg. Co., Inc., a privately-held company
located in Shippenville, Pennsylvania.
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On
December 4, 1994, the Company began trading on the New York Stock Exchange
under the symbol "CAV".
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In
January of 1996, the Company acquired Riverchase Homes, Inc. located in
Haleyville, Alabama.
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In
December 1997, the Belmont Homes, Inc., whose shares were traded on The
NASDAQ National Market under the symbol "BHIX", Belmont became a wholly
owned subsidiary of the Company.
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Currently, the Company operates twenty-three home manufacturing facilities
located in seven states.
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In
1991, the Company formed Cavalier Acceptance Corporation to purchase
retail installment sale contracts for manufactured homes sold through the
Company’s exclusive dealer network.
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During 1994, the Company formed Quality Certified Insurance Services to
sell various insurance products to retail purchasers of the Company’s
homes and to offer commercial insurance products to its exclusive dealers.
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