Mobile Home Manufacturer History - Cavalier Homes, Inc.
| CAVALIER HOMES, INC |
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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". 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. During 1993, the Company also expanded its Hamilton, Alabama production facility and in May of 1993 the Company opened an additional plant in Addison, Alabama. 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. On December 4, 1994, the Company began trading on the New York Stock Exchange under the symbol "CAV". In January of 1996, the Company acquired Riverchase Homes, Inc. located in Haleyville, Alabama. 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. Currently, the Company operates twenty-three home manufacturing facilities located in seven states. 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. 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. |