Valley builder wants to buy competitor

Photo via Cavco Industries Inc.

By Angela Gonzales | Phoenix Business Journal

Cavco Industries Inc. (Nasdaq: CVCO) is looking to pay $190 million in cash for a competitor in Texas.

The Phoenix-based producer of factory-built housing products has entered a definitive agreement to acquire League City, Texas-based American Homestar Corp. and its subsidiaries, including Oak Creek Homes.

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