Palm Harbor Homes (fka PHHMQ)

[Superfly15]

Cavco seeking to buy Palm Harbor
3 commentsby Betty Beard - Jan. 28, 2011 02:39 PMThe Arizona Republic
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Even as manufactured-home sales continue at their lowest levels in about 50 years nationwide, Phoenix-based Cavco Industries Inc. is attempting to grow more by buying another one of its rivals.

Cavco in August 2009 bought one of its largest competitors, Fleetwood Enterprises Inc., out of Bankruptcy Court for $26.6 million and now is attempting to buy Dallas-based Palm Harbor Homes Inc., for $57.5 million.

Palm Harbor filed for bankruptcy reorganization in November, and the purchase would be subject to an auction and court approval. The company's products are sold in Arizona and it has a manufacturing plant in Tempe.



Read more: http://www.azcentral.com/business/articles/2011/01/28/20110128cavco-seeking-buy-palm-harbor.html#ixzz1DQVZstym