The Elkhart Truth reported that the companies announced the deal, wherein Cavco bought Fairmont Homes’ Nappanee manufacturing facility and its operations in Minnesota, on May 4.
“(Fairmont) has a good, solid reputation for building quality products and providing service after the sale,” said Cavco President and CEO Joe Stegmayer. “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.”
All of Fairmont’s products will be marketed under their current brand names, and Cavco intends to keep the company’s current employees and maybe hire more in the future, Stegmayer said.
Cavco is looking to upgrade the Nappanee plant’s equipment and will invest in the company’s online presence and marketing efforts.
“We bring to Fairmont some of our marketing capital and existing customer relationships,” Stegmayer said. Those customer relationships will help expand Fairmont’s reach in the manufactured housing market and increase demand for its products, especially in the winter months, when demand for those products drops in the Midwest.
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