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Cardinal Industries, Inc. was a corporation headquartered in Columbus, Ohio, United States. Established in 1954, it produced manufactured housing, including thousands of apartments in the United States. These one-story apartments were assembled on-site from 12 by 24 foot (3.7 by 7.3 m) modules.
In 2006, the company changed its name from United Mobile Homes, Inc. to UMH Properties, Inc. In 2013, the company acquired Holiday Mobile Village in Nashville, Tennessee for $7.25 million. [3] In 2014, the company acquired 4 communities in Pennsylvania for $12.2 million [4] [5] and 10 communities in Ohio for $30.4 million [6]
Clayton Homes established its own mortgage company in 1974 and added a manufacturing division in 1975. [14] The company went public in 1983, trading on the New York Stock Exchange. [15] [14] Each year from 1989 through 1992, Clayton Homes was named on the Forbes list of the best small companies in America. [16]
In 2005, Champion was the first manufacturer to build privatized modular housing for the military. [4] In 2010, Champion filed for bankruptcy and was acquired by an investor group led by Centerbridge Partners, MAK Capital Fund LP and Sankaty Advisors and company lenders led by Credit Suisse. [5] The company later recovered. [6]
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Some builders and companies purchased houses directly from Sears to build as model homes, speculative homes, or homes for customers or employees. Although most shipments came by rail, newspaper advertisements in the late 1920s and early 1930s showed Sears offering truck delivery to buyers living within a 35 mile radius of their Newark, New ...
This page was last edited on 23 December 2023, at 23:31 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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