Cavco Industries Announces Ratification of Collective Bargaining Agreement at Emlenton, Pennsylvania Plant
06 Marzo 2024 - 11:35PM
Cavco Industries, Inc. (Nasdaq: CVCO) ("we," "our," the "Company"
or "Cavco") is pleased to announce that we have successfully
reached agreement on a revised collective bargaining agreement
between Pennwest TCC and The International Association of
Machinists, which represents employees at the Company’s Emlenton,
Pennsylvania manufacturing plant. The new collective bargaining
agreement was ratified by the Union members today and employees
will be back to work tomorrow. Cavco values its employees and
believes in fostering and maintaining a mutually beneficial working
relationship. We extend our gratitude to all parties involved for
their cooperation throughout the negotiation process.
About Cavco Cavco Industries,
Inc., headquartered in Phoenix, Arizona, designs and produces
factory-built housing products primarily distributed through a
network of independent and Company-owned retailers. We are one of
the largest producers of manufactured and modular homes in the
United States, based on reported wholesale shipments. Our products
are marketed under a variety of brand names including Cavco,
Fleetwood, Palm Harbor, Nationwide, Fairmont, Friendship, Chariot
Eagle, Destiny, Commodore, Colony, Pennwest, R-Anell, Manorwood and
MidCountry. We are also a leading producer of park model RVs,
vacation cabins and factory-built commercial structures. Cavco’s
finance subsidiary, CountryPlace Mortgage, is an approved Fannie
Mae and Freddie Mac seller/servicer and a Ginnie Mae
mortgage-backed securities issuer that offers conforming mortgages,
non-conforming mortgages and home-only loans to purchasers of
factory-built homes. Our insurance subsidiary, Standard Casualty,
provides property and casualty insurance to owners of manufactured
homes.
For additional information,
contact:
Mark FuslerCorporate Controller
and Investor Relationsinvestor_relations@cavco.com
Phone: 602-256-6263On
the Internet: www.cavcoindustries.com
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