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Posts Tagged ‘nappanee indiana’

Cavco will Retain Fairmont’s Employees, Expand its Customer Base

June 30th, 2015 Comments off

cavco-lapsiding-manufactured-homeFollowing a story MHProNews last posted June 19, 2015, regarding Cavco Industries’ purchase of Fairmont Homes and subsequent request for tax abatements from the city of Nappanee, Indiana for production upgrades, the Nappanee City Council approved a $40,000 tax phase-in for equipment purchases and employee training.

Noting that Fairmont’s products will continue to be marketed under its name, Cavco President and CEO Joe Stegmayer said “(Fairmont) has a good, solid reputation for building quality products and providing service after the sale. Quality is paramount. If we can build good homes and provide good service after the sale, we’ll be in great shape. Fairmont has the people who make that happen.

Stegmayer added Cavco can expand the customer base through its extensive relationships in the manufactured home industry as well as with its marketing capital. “In the winter everything in Indiana is a little slower, and we can help with that and keep more people working full-time in that time period,” he said.

Fairmont has 275 employees in Elkhart County and another 250 at its Friendship Homes plant in Minnesota, all of which Cavco intends to keep, and perhaps add on to, according to elkharttruth. Founded in 1971 by James Shea, Sr., his son and Fairmont’s current CEO Jim Shea, said, “Cavco is very much dedicated to maintaining our strong management team and also all the knowledge base in all of the employees.” ##

(Image credit: Cavco Industries, Inc.–lapsided home)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHPronews)

Cavco Acquires Manufactured Home Producer Fairmont

May 5th, 2015 Comments off

cavco logoMHProNews has learned from globenewswire that manufactured and modular home builder Cavco Industries, Inc. (NASDAQ:CVCO) has acquired Fairmont Homes, Inc. of Nappanee, Indiana through its wholly-owned subsidiary, FH Group, LLC.. With manufacturing plants in Indiana and Minnesota, Fairmont produces manufactured and modular homes and park model recreational vehicles (RVs), and homes built to Canadian codes.

We are pleased to have the Fairmont business and employees join the Cavco group of companies,” said Cavco President Joe Stegmayer. “We believe that Fairmont’s strong production capabilities, reputation for product quality and service and its excellent customer base fit well with Cavco’s philosophy and approach to doing business.

Fairmont’s products will continue to be sold under the Fairmont, Century, Friendship and Harmony names, and Brian Cira will continue on as president of Fairmont Homes.

In addition to manufactured and modular housing, from its headquarters in Phoenix, Arizona, Cavco also produces park model RVs and vacation homes, under subsidiaries Fleetwood Homes, Palm Harbor Homes, Nationwide Homes and Chariot Eagle, through 19 manufacturing facilities.

Although the purchase price was not disclosed, the acquisition was funded with Cavco’s internal capital. ##

(Image credit: Cavco Industries, Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Indiana U. S. Representative’s Staff Visits MH Plant

July 24th, 2014 Comments off

The IMHARVIC (Indiana Manufactured Housing Association Recreation Vehicle Indiana Council) reports staff members of 2nd Indiana District U. S. Congresswoman Jackie Walorski toured the Fairmont Homes factory in Nappanee, IN earlier this month. 2nd District Director Ben Falkowski and Field Representative Brian Spaulding attended the facility tour with IMHA Executive Director Mark Bowersox, as MHProNews understands, and discussion turned to the need for MH financing, the Dodd-Frank Act, and governmental regulation. ##

(Image credit: RV/MH Hall of Fame Museum–Fairmont Home donated to Hall of Fame)

Modular Business Booming

July 4th, 2012 Comments off

The energy and mineral fields north and west of Friendship Homes in Montevideo, Minnesota are making the modular builder crank out seven modules daily, but that number is expected to rise to 12 in the near future. wctrib says the oil patch in western North Dakota, the destination for its modular man camps, and the energy and mineral projects in Canada began spurring growth about a year ago, and now there are back orders through the end of the year for some units. The Canada market, where different building requirements apply, accounts for 25 percent of the business. A division of Fairmont Homes of Nappanee, Indiana, Friendship also offers custom modular homes for the residential market as well as commercial product. MHProNews.com has learned the backlog of orders means the help wanted sign is always out.

(Photo credit: Canadian/Simcoe)

MHI Honors MH Supplier

April 16th, 2012 Comments off

The Manufactured Housing Institute (MHI)’s “Supplier of the Year” award was presented to NTA, Inc. of Nappanee, Indiana at the MHI National Congress and Expo for Manufactured and Modular Housing in Las Vegas, April 11. Sys-Con tells MHProNews.com NTA has a cadre of engineers, draftsmen, technicians, and consultants who do code compliance, inspections, and certification for the HUD Code and MOD industries. Winners of the prestigious industry award are selected by industry peers. MHI President Richard Jennison said, “NTA is an industry role model and we are proud to recognize their ongoing contributions as a supplier to the manufactured and modular housing industry.” David Tompos, president of NTA, Inc, said, “NTA values its partnership with MHI and its members to work for the betterment of the industry.”

(Image credit: NTA,Inc.)