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Posts Tagged ‘Elkhart County Indiana’

Lippert Sponsoring Fund Raiser to Prevent Suicide

August 15th, 2014 Comments off

lippert components  rvbusiness creditLippert Components, Inc., (LCI) a subsidiary of Drew Industries, Inc. of Elkhart County, Indiana is sponsoring an Out of the Darkness Walk Oct. 4, 2014 to help raise awareness of suicide and depression, and provide assistance to those who have lost a loved one to suicide. The son of a sales manager at Lippert took his life, and LCI has supported the family in their recovery and desire to help others, according to RVBusiness.com. The American Foundation for Suicide Prevention’s (AFSP) Branch County (Mich.) walk will raise money for research and education programs to prevent suicide and save lives. MHProNews understands a suicide attempt is made every minute of every day, resulting in 38,000 lives lost each year. Lippert is a component supplier to the manufactured housing industry. ##

(Image credit: Lippert Components, Inc.)

Passages: Jack Tuff

June 27th, 2014 Comments off

A major player in the manufactured housing industry in Elkhart County, Indiana since 1964 passed away June 25. Jack Tuff, founder of Tops Mobile Home Centers and several manufactured housing communities, and an early supporter of what became the RV/MH Hall of Fame, began his MH career in Fort Knox, Kentucky while stationed in the Army in the late 1950s. Al Hesselbart, historian at the RV/MH Hall of Fame, says, “Jack was a giant in the manufactured housing industry in Elkhart County and was one of two or three people who were personally responsible for the city of Elkhart donating land and funds for the first Hall of Fame on Benham Avenue,” according to elkharttruth.com. Jerry Pickrell, who was active in the Indiana Manufactured Housing Association (IMHA), says Tuff used his own money to help sustain the Hall of Fame in the early ’90s. MHProNews extends its deepest sympathies to the family and friends of Jack Tuff. ##

(Photo credit: elkharttruth.com–Jack Tuff)

Patrick Industries Increases Content per RV Unit 27%

May 29th, 2014 Comments off

A dollar invested in Patrick Industries, Inc. (NASDAQ:PATK) in 2008 would be worth $45 to the investor by the end of 2013, according to motleyfool.com. Headquartered in Elkhart County, Indiana, Patrick produces and distributes a wide range of products to the manufactured housing (MH) and recreational vehicle (RV) markets. The same dollar invested in a conglomerate of eight peer companies like Thor Industries (NYSE:THO) and Drew Industries (NYSE:DW), also a supplier to the MH and RV industries, would have returned $7.50 over the same time period.

MHProNews.com understands Patrick drove revenue growth by selling new products to existing customers, and upgraded its manufacturing and distribution equipment. Also headquartered in Elkhart County, Drew supplies chassis and other components to the same two markets, and is similarly offering more products to their market. Patrick increased its RV content per unit from $1,048 in 2012 to $1,338 in 2013, a bump of 27 percent, while Drew’s rose more modestly from $2,690 in 2012 to $2,716 in 2013. ##

(Image credit: Patrick Industries, Inc.)

Lippert Offers Custom MH Chassis

May 20th, 2014 Comments off

MHProNews.com has learned from RVBusiness.com that Lippert Components of Elkhart County, Indiana reports it now has the capability through its Howe, Indiana facility to offer custom chassis for manufactured homes as well as to build any steel storage rack, carrier, frame or trailer. Chuck Bell, LCI vice president of chassis operations, says, “Customers come to us with challenges and we work with them to design and build what they need.” Lippert, through its parent company, Drew Industries, Inc. provides components to the manufactured housing industry. ##

(Image credit: Lippert Components, Inc.)

Drew Director Sells Shares

October 4th, 2013 Comments off

Board Chairman Leigh Abrams of Drew Industries, Inc. (NYSE:DW) sold 10,000 of the company’s shares on the market at an average price of $44.09 for a total haul of $440,900.00. Abrams now owns 73,287 shares with a value of $3,230,827, according to northforkvue.com. Dated Sept. 26, the transaction was disclosed in a legal filing with the Securities and Exchange Commission (SEC). MHProNews reported yesterday, October 3, of the ceremony welcoming the move of Drew’s headquarters to Elkhart County, Indiana. Through its subsidiaries, Lippert Components, Inc. and Kinro, Inc., Drew supplies a variety of components to the manufactured housing and recreational vehicle markets.

(Image graphic: Drew Industries, Inc.)

Elkhart Tops the Nation

April 1st, 2013 Comments off

RVBusinses informs MHProNews Elkhart County, Indiana led the nation in job growth for the period Sept 2011 to Sept. 2012  for the largest U. S. counties, with 6.9 percent versus the national rate of 1.6 percent, according to the Bureau of Labor Statistics. While Elkhart hosts several component suppliers to the manufactured and modular housing industry, it is definitely home to MH’s sister industry, the recreational vehicle (RV) business, producing 83 percent of all North American RV’s, says the Recreation Vehicle Industry Association (RVIA). Approximately half of all employment in the county is related to RVs, which saw shipments grow 13.6 percent last year.

(Photo credit: Wikipedia–Chateau Sports Class RV)

Drew Drew a Good Hand in Q1

May 3rd, 2012 Comments off

In its report of earnings for first quarter 2012, Drew Industries, Inc.’s manufactured housing division registered $3.1 million operating profit on sales of $28 million first quarter 2012, versus profit of $2.2 million on sales of $23 million for the same period 2011. The company marked an MH sales increase of 26 percent in the first quarter 2012 over the same period last year. Sales of aftermarket MH products increased 20 percent for the same quarter over quarter, as its MH division gained market share. MarketWatch says overall sales increased to $224 million in Q1 2012 (a record for this company in any quarter) over $169 million for the same period 2011. The RV division accounted for 87% of overall net sales. Consolidated net income of $11.1 million for 2012 bested 2011’s income of $9.4 million. Drew supplies the MH, RV, and industrial markets with components. MHProNews has written recently about the RV industry growth in Elkhart County, Indiana.

((Image credit: Drew Industries, Inc.)

Is the Recovery Spinning Down?

April 5th, 2012 Comments off

The etruth in Elkhart County, Indiana says business leaders are cautiously optimistic about the future given business expansion and new jobs, but concerns remain about the increase in fuel costs that ultimately will be passed on to consumers that could drag the economy back down. Despite the 12.1 percent unemployment rate in this northern Indiana area that is home to numerous manufactured housing and recreational vehicle plants, as well as component suppliers, one employer says some jobs go begging because recent applicants work histories indicate they work until they qualify for unemployment and then quit. Another concern, according to Kevin Deardoff of Lake City Bank who has over 30 years in the banking industry, is people who used to pay their mortgage first now pay their credit card first, causing mortgage delinquencies to rise. MHProNews.com has learned homeowners who lost jobs became dependent on credit cards during the economic downturn, and realized it takes lenders longer to file foreclosure than to cut off a line of credit.

(Photo credit: Idaho Statesman/Chris Butler)

Northern Indiana factory builder gets temporary shot in the arm

September 14th, 2011 Comments off

WNDU-TV reports from Elkhart County, Indiana, that Hi-Tech Housing, Inc. will double its employee roster to meet the Federal Emergency Management Agency’s (FEMA) demand for 500 additional emergency housing units for North Dakota residents routed by the flooding of the Souris River this past spring. Based in Bristol, IN, this manufactured housing producer held a job fair Sept. 12 to hire 150 workers by week’s end to meet the rush order. John Guequierre, Senior VP with Hi-Tech, says, “Obviously, it’s temporary work. We’re looking for at least two, possibly three months of work.” Undeterred by the limited term of employment, over 100 people lined up for the jobs, some of whom had been out of work for several years. Guequierre says to compensate for the short period of work, employees may earn up to $1,700 per week. One of only three suppliers qualified to meet the government’s tight standards for interior air quality in emergency housing, Hi-Tech plans to open another facility near Middlebury, IN to accommodate production. Given the state of the industry and the economy at large, in this area long known for factory-built housing as well as RV production, the call for work is a welcome sound.

(Graphic credit: Hi-Tech Housing Inc. logo)