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Ralph Darling purchased all outstanding shares of
Oakwood stock from partners and investors. He is considered the company's
founder; after all, it is on his foundation and business character the
modern corporation is built.
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James E. LaVasque joins Oakwood as president and leads a 13-year growth spurt
for the company.
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Oakwood builds 44,000-square-foot manufacturing facility in Richfield, NC.
Forty-two Oakwood employees constructed and shipped the company's first
Oakwood-built mobile home: "The Richfield."
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Oakwood Homes Corporation organized. First shares of common stock traded
publicly.
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Oakwood's stock lists on the American Stock Exchange for the first time on June
14, 1974. The same month, home office employees moved into a spacious three-story
building near the original sales center location.
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In December, James E. LaVasque dies in plane crash.
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February 1st, Nicholas J. St. George joins Oakwood Homes Corporation as
President and CEO.
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Oakwood Acceptance Corporation was established to provide consumer financing
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Oakwood posts its 11th consecutive year of increased earnings -- an extraordinary
accomplishment in the manufactured housing industry or any other. The winning
spirit is further evidenced by the company's move to the most prestigious stock
market in the world, the New York Stock Exchange.
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Company opens its first Freedom Homes sales center in Charlotte, N.C.
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President and CEO Nick St. George releases action plan for a prosperous
decade. Early the next year, while Oakwood is posting $106 million in sales,
St. George sets company goal at $1 billion by the year 2000.
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Oakwood takes manufacturing to Texas. Oakwood named seventh fastest-growing company on the New York Stock Exchange.
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On September 30th, Oakwood Homes Corporation completed acquisition of Golden West
Homes, a California-based operation. The move accelerates Oakwood's expansion
plans in Western markets.
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Destiny Industries, Inc., in Moultrie, Ga., is acquired by Oakwood, providing a foundation for expansion in the Deep South
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Oakwood Homes Corporation and Deutsche Financial Services join forces to provide
financing for retail purchasers of manufactured housing. The new company is
called Deutsche Financial Capital. In July, Oakwood established a new corporate headquarters location in Greensboro:
a highly visible 132,000-square-foot facility.
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