Wednesday, July 25, 2012

Champion Buys Athens Park Homes

Champion is on a buying spree again.......  The latest acquisition is Athens Park Homes in Athens, TX, a manufacturer of HUD homes and park units, those little >400sq ft boxes.

Athens Homes park models

"I am delighted with the purchase of Athens Park Homes," said Champion Homes CEO, Jack Lawless. "The acquisition of this respected company provides us with much needed additional capacity in Texas, where we are experiencing some of our fastest growth. The addition of Athens Park Homes will allow us to continue to grow our market share in Texas and will give Champion a considerable presence in the park model sector. "

"This is a tremendous fit. Champion's financial strength will provide Athens Park Homes with resources for growth, and provide stability and opportunity to our employees, the community, and our trade customers," said Athens Park Homes President, Phil Surles. "Champion is an aggressive and growing company with great plans for future growth. I am excited that Athens Park Homes is now part of those plans. From my past association with Champion, I know they share our commitment to our customers to provide affordable, high quality homes."
 If I were a betting man, I'd wager that Cavco, Clayton and Champion will start gobbling up HUD factories later this year and early next.  None of them will want to build a new factory when there are so many that will soon be for sale.

No comments: