other material
confidence high
sentiment positive
materiality 0.60
Cavco acquires 184,000 sq ft facility in N.C. to boost HUD-code home production
CAVCO INDUSTRIES, INC.
- Cavco signed agreement to acquire a 184,000 sq ft manufacturing facility in Hamlet, North Carolina from Volumetric Building Companies.
- Facility will be renovated to produce HUD-code homes; production start expected by Q4 2022.
- Expansion will bring total homebuilding production lines to 27, increasing affordable housing capacity.
- Cavco intends to offer employment to existing VBC employees after transition; additional jobs anticipated.