Cavco Industries history

1969: Cavalier Manufacturing begins to produce mobile homes.

Mobile home production became the sole focus of the company in 1973, when the original product lines were discontinued.

The company opened a second plant in Phoenix in 1977 to meet the backlog of orders for double-wide mobile homes.

1986: Cavco begins to manufacture and lease relocatable commercial structures.

CVC expanded quickly, opening sales and marketing offices in six Western states by 1989, in Arizona, Nevada, New Mexico, Colorado, Utah, and southern California.

Cavco delivered the homes to an intermediary in Houston in January 1991, which resold the units to the government of Israel.

1993: Cavco opens a third manufacturing facility to meet demand for manufactured housing.

Cavco opened offices in Colorado and Louisiana in late 1995.

In September 1996 Cavco announced plans to build its fourth manufacturing plant, on a 23-acre site near Albuquerque.

With the formation of Centex Finance Company in late 1997, retail dealers of Cavco products gained a financing option from a company with strong leverage capabilities.

As production began at the Sequin facility in January 1999, Centex sold National Security Containers, receiving $8 million in redeemable preferred stock and $17.5 million in cash, providing funds for expansion of Cavco's retail network.