This 184,000 factory in Hamlet, NC was originally built by Ritz-Craft Homes, a modular and HUD manufacturer based in Middleburg, PA as an IRC home facility. They eventually closed their factory and it was later sold to Volumetric Building Companies (VBC) as their first modular factory serving commercial multistory developers in the Northeast.
Cavco has now reopened it approximately seven months after Cavco acquired the facility from Volumetric Building Companies. Cavco offered continued employment to previous VBC employees, including management staff, and additional employment opportunities are anticipated to become available with the expansion of its homebuilding production.
From the beginning, it was a primary objective for both VBC and Cavco that we maintain continuous employment for the people at the facility; and through careful planning and coordination, Cavco has been able to do so. The company is very excited about the important role Hamlet will play in Cavco’s future for many years to come.
Cavco has distribution points in 48 U.S. states and in Canada, through its 45 retail stores and 27 production plants, while employing over 6,300 people. In fiscal year 2022, the Company delivered over 16,700 homes, provided over $141 million in financing to homebuyers, insured homes for over 63,600 homeowners and provided fast and efficient claims assistance to over 5,600 homeowners. Cavco is the third-largest U.S. builder of manufactured homes, with a 14% share of that market.
