Date: Fri, 21 Nov 1997 01:39:41 GMT Server: Apache/1.2.4 Connection: close Content-Type: text/html The Company and Its History

The Company and Its History



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. 

Manufacturing Sites 



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Last modified: June 3, 1997