Cavco Industries, which builds manufactured and modular housing, park models and vacation cabins, has acquired another company in the same business, Fairmont Homes in Nappanee, Indiana.
Fairmont, which has manufacturing plants in Indiana and Minnesota, will continue to market homes and park models under the Fairmont, Friendship, Harmony and Century brand names, and Fairmont’s president, Brian Cira, will continue in that role. The purchase price was not announced.
This is the second major acquisition this year by Cavco, which is based in Phoenix. It earlier announced the purchase of Chariot Eagle, a Florida-based manufacturer of park models and manufactured homes. Other Cavco brands include Fleetwood Homes, Palm Harbor Homes and Nationwide Homes. The company has 19 factories and employs 3,700 people.
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