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Champion Home Builders Expands in Texas Market with the Acquisition of Athens Park Homes

TROY, Mich. – July 24, 2012 – Champion Home Builders, Inc., a North American leader in manufactured and modular homes, today announced the purchase of Athens Park Homes, a manufacturer of U.S Department of Housing and Urban Development (HUD) code and park model homes, located in Athens, Texas.

This acquisition adds capacity for Champion in the Texas HUD market, as well as a highly regarded brand in park model homes. Athens Park model homes are structures less than 400 square feet built to American National Standards Institute (ANSI) standards. They are considered recreational vehicles, although they are primarily designed for permanent placement at a destination.

“I am delighted with the purchase of Athens Park Homes,” said Champion Homes CEO, Jack Lawless. “The acquisition of this respected company provides us with much needed additional capacity in Texas, where we are experiencing some of our fastest growth. The addition of Athens Park Homes will allow us to continue to grow our market share in Texas and will give Champion a considerable presence in the park model sector. ”

“This is a tremendous fit. Champion’s financial strength will provide Athens Park Homes with resources for growth, and provide stability and opportunity to our employees, the community, and our trade customers,” said Athens Park Homes President, Phil Surles. “Champion is an aggressive and growing company with great plans for future growth. I am excited that Athens Park Homes is now part of those plans. From my past association with Champion, I know they share our commitment to our customers to provide affordable, high quality homes.”

With the addition of Athens Park Homes, Champion will own and operate 29 factories in the U.S., Western Canada and United Kingdom.

About Champion
Troy, Michigan-based Champion Home Builders, Inc. is a leader in factory-built construction which, through its operating subsidiaries, manufactures products at 29 facilities in the United States, Western Canada and the United Kingdom and distributes its products through independent retailers, builders and developers. The Champion family of builders produces manufactured and modular homes, as well as modular buildings for government and commercial applications. Genesis is Champion’s national brand for modular homes sold to builders. Champion also markets modular homes to builders under the New Era and Carolina Building Systems brands. For more information, please visit:

www.championhomes.com
www.championcommercialstructures.com  
www.genesishomes.com  
www.new-era-homes.com
www.CBSmods.com  

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