Elkhart, Ind.-based Skyline Corp. has announced plans to sell its manufactured housing facility in Texas to Michigan-based Champion Home Builders Inc. In a filing with the U.S. Securities and Exchange Commission, Skyline says the $2.25 million deal is expected to close in April.
Inside INdiana Business reported that the 79,000-square-foot facility sits on 10 acres in Mansfield, Texas, just southeast of Fort Worth. The sale also includes production equipment located within the facility. Skyline did not immediately state if any employees would be affected by the sale.
Skyline says a portion of the Mansfield property is leased for oil and gas production with the company’s subsidiary, Homette Corp., receiving royalty payments. The sale agreement will allow the company to continue receiving royalties for 60 months after the sale closes.
Skyline, which also builds park model RVs, recently announced that it would be closing the facility, impacting 105 employees. The company said in a statement that the Mansfield plant has been unable to operate profitably since it was converted from producing recreational vehicles to manufactured housing in 2014.