April 05, 2017 – Two
days ago, Cavco Industries, Inc., a leading building of Manufactured Homes and
Modular Homes, Park Model RVs, Commercial Buildings and Vacation Cabins in the
U.S., closed on the purchase of another mobile home manufacturer: Lexington
Homes, Inc. Headquartered in Phoenix, Arizona, Cavco Industries designs and
produces factory-built products, which are distributed primarily through a
network of both company-owned and independent retailers. Some of the brands
owned by Cavco Industries, Inc. include Cavco Homes, Palm Harbor Homes, Chariot
Eagle, Fairmont Homes and Fleetwood Homes.
Lexington Homes, Inc. operates only one manufacturing plant,
located in Lexington, Mississippi, and distributes homes to independent retail
business in the Southeastern United States. The company was founded in 2004 by
four men whose combined experience in the manufactured housing industry totaled
over 100 years! More info regarding Lexington Homes, Inc. can be found at www.lexington-homes.com.
The price at which Lexington was purchased has not been
disclosed, however it was mentioned the deal was paid in cash at closing and
was funded internally by Cavco. It was also noted that Lexington Homes’
products will continue to be marketed under the Lexington brand name and the
current management team will remain with the company. Now including their
newest acquisition, Lexington, Cavco employs approximately 4,200 people and
operates 20 manufacturing plants across the United States. Visit www.cavco.com for more information about Cavco
Industries.
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