Champion Home Builders has agreed to acquire Manis Custom Builders for an estimated $10 million.
Skyline Champion Corporation, the parent company, and the largest publicly traded factory home builder in the country, said it expected to close the deal for the Laurinburg, N.C., company by month’s end.
Champion President and CEO Mark Yost said Manis will be a welcomed addition to the team.
“While working with founder Joe Manis and his team during this transaction, we learned that their core operating principles mirror our own,” Yost said.
Manis has led the organization that bears his name since 1983 and has set a standard for high quality. Manis builds 800-square foot to 2,000-square foot custom modular homes.
“With the addition of this 250,000 square foot campus in Laurinburg and Manis’ retail location in eastern North Carolina to our existing North Carolina campuses, we are now better able to serve customers throughout the region with cost-effective, streamlined product offerings that are greatly needed in the current economic environment,” Yost said. “We anticipate continuing to build out the approximately $15 million of backlog as we upgrade and re-tool portions of the plant.”
Champion operates from Troy, Mich., while the corporate entity, Skyline Champion, is headquartered in Elkhart, Ind.