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Posts Tagged ‘star telegram’

Skyline Makes Announcement Regarding Mansfield Facility

March 6th, 2017 Comments off
SkylineMakesAnnouncementRegardingMansfieldFacilitycreditStarTelegram-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Star-Telegram.

MHProNews has learned that Skyline Corp. has come to terms to sell its Mansfield, Texas manufactured-housing facility to Champion Home Builders.

According to the Star-Telegram, under terms of the deal, Champion would pay a $99,000 deposit and then $2,125,000 upon closing, scheduled to occur on or before April 7, according to a filing with the SEC.

As the Daily Business News reported last week, Skyline was prepared to shut down their Mansfield, Texas facility due to an inability to operate profitably.

The suspension is due to the plant being unable to profitably operate since it was converted from producing recreational vehicles to manufactured housing in fiscal 2014,said Florea in an announcement to employees at the plant on February 24th.

Challenges this location faced included fewer independent manufactured housing dealerships buying homes than anticipated resulting in sales volumes not reaching profitable levels.

Skyline had originally stated in their recent 8-K filing that if a buyer could not be found by the time current production at the facility is completed at the end of March, the majority of the workforce will have to be terminated.

With the purchase, Champion Homes also alerted officials in Mansfield that they intend to hire the current workers at the facility, saving over 100 jobs.

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Credit: Champion Homes.

Skyline also said that a portion of the property is leased for oil and gas production and that a subsidiary, Homette, would continue to receive royalties for 60 months following the sale.

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Ribbon cutting ceremony for Champion Homes Kentucky plant. Credit: Woodworking Network.

As regular Daily Business News readers already know, Champion Homes was founded in 1953, producing more than 1.7 million factory-built pre-HUD Code mobile homes, post-HUD Code manufactured homes and modular homes or buildings throughout the United States, in the United Kingdom and western Canada. For more on the companies’ recent acquisition of a former Excel Homes facility in Susquehanna Township, Penn., click here.

Skyline Corporation is one of the oldest and larger independent producers of manufactured, modular and park model homes.

Skyline is also one of the industry stocks monitored each business day on the MH Industry’s leading professional news resource, the Daily Business News, on MHProNews.  For the most recent closing numbers on all MH industry-connected tracked stocks, please click here. ##

 

(Image credits are as shown above.)

 

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News, MHProNews

Military Modulars Repurposed in Tornado Torn Texas

September 30th, 2013 Comments off

The May 15, 2013 tornado that tore through a Hood County, Texas neighborhood left six people dead, and damaged or destroyed nearly 270 homes. MHProNews has learned many of the dwellings were older factory-built units, and 60 were Habitat for Humanity homes in Rancho Brazos. While rebuilding efforts are continuing, including 11 planned Habitat homes, at last count 12 families are set to receive modular homes that were used in the military, and star-telegram.com states more are expected to arrive in coming months.

(Photo credit: prweb/ramtech–military barracks Fort Sam Houston)

Worker Injured at Palm Harbor Homes Plant

July 29th, 2013 Comments off

An electrical explosion and resulting fire at a Palm Harbor Homes facility in Fort Worth, Tex. sent a worker to the burn unit at Parkland Memorial Hospital in Dallas, Monday, July 29. He was conscious and alert when he was transported by helicopter ambulance after the electrical panel exploded and caught fire. His injuries did not appear to be life-threatening, according to what star-telegram reports to MHProNews. The electrical panel continued to be energized until power to the building was cut. Firefighters did not find any other evidence of fire at the factory that produces manufactured homes.

(Photo credit: Glen E. Ellman/star-telegram)

A New Meaning for ‘Straw House’

January 22nd, 2013 Comments off

The Star-Telegram reports from Fort Worth, Texas Stramit USA utilizes wheat straw to make modular man camps for the burgeoning oil boom towns. By treating and compressing the wheat fiber, boards are made for construction and insulation. Tim Evans of Stramit compares it to fiberglass and foam. “Wheat straw and rye straw are abundant, especially in Texas, which has over 100 million acres of wheat planted every year. We use the part of the harvest that nobody wants,” Evans said. The product is called compressed agricultural fibre (CAF), and as MHProNews has learned, it is so tightly pressurized there is no oxygen inside it, which makes it fire resistant. Evans says he is garnering interest for the 12 by 24 foot modular two-man houses especially around Seguin, TX, near San Antonio. Although the final cost of the product is comparable to using standard materials, Evans says, “It is a socially responsible way of building. My partners are ranchers. They are not tree huggers. Nor am I a tree hugger. But we agree that good stewardship of the land and resources of this planet just makes sense. So without altering lifestyle, you can still use good common sense practices.”

(Photo credit: Roy T. Ennis/Star-Telegam–Straw mod on display in Fort Worth)