SKY - Skyline Champion buys ScotBilt Homes

Skyline Champion's (SKY) subsidiary, Champion Home Builders, acquired ScotBilt Homes, LLC from SHI Group Holdings and related companies.Financial terms of the deal were not disclosed.In 2020, ScotBilt shipped over 1,600 homes from its two manufacturing facilities in Georgia providing affordable housing throughout Alabama, Florida, Georgia and the Carolinas."We expect this transaction to generate solid returns with meaningful shareholder value creation from day one, supported by ScotBilt’s attractive client base, and margin profile, in addition to the potential for synergy capture.”([[SKY]] +5.2%)Press Release

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Skyline Champion buys ScotBilt Homes