Date: Fri, 21 Nov 1997 01:39:41 GMT Server: Apache/1.2.4 Connection: close Content-Type: text/html
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 the inventory and manufacturing facilities of
six operating plants owned by Brigadier Homes, Inc. located in
North Carolina. During 1988 the Company consolidated certain of
these operations, selling one facility located in North Carolina,
expanding the manufacturing facility located in Nashville, North
Carolina and closing its Georgia manufacturing facilities.
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. In January of 1996 the Company
acquired Riverchase Homes, Inc. located in Haleyville, Alabama.
Currently the Company operates thirteen home manufacturing facilities located in five
states. On December 4, 1994 the Company began trading on the New
York Stock Exchange under the symbol "CAV".
In 1991, the Company formed Cavalier Acceptance
Corporation to offer retail installment sale financing for
manufactured homes sold through the Company's exclusive dealer
network. During 1994 the Company formed Cavalier Insurance
Agency, Inc. to sell various insurance products to retail
purchasers of the Company's homes and to offer commercial
insurance products to its exclusive dealers.
The Company manufactures a wide range of high quality
manufactured homes throughout the southern United States, with a
focus on serving the low- to medium-priced manufactured housing
market.
Return to Cavalier Homes Opening Page