American Homestar Corporation Announces Retail Acquisitions in Its Deep South Region.

HOUSTON--(BUSINESS WIRE)--Feb. 2, 1998--American Homestar Corporation (Nasdaq/NM:HSTR HSTR Harry S Truman National Historic Site (US National Park Service)
HSTR High Speed Token Ring ) today announced that it has recently completed the acquisition of three retail sales centers in Alabama Alabama, indigenous people of North America
Alabama (ăləbăm`ə), indigenous people of North America whose language belongs to the Muskogean branch of the Hokan-Siouan linguistic stock (see Native American languages). and one in Tennessee Tennessee, state, United States
Tennessee (tĕn`əsē', tĕn'əsē`), state in the south-central United States. . Terms of the acquisitions were not disclosed.

The Alabama operations were acquired from Cliff and Jan Davis Nancy Jan Davis (born November 1, 1953) is an American astronaut and the current director of the Safety and Mission Assurance directorate at Marshall Space Flight Center. Early life . Jan is a 17-year industry veteran, who joined the Company's retail management team as a Regional Vice President. Under Jan's leadership, the Company will pursue its strategy of aggressive retail growth in the Deep South.

The Tennessee operation was acquired from Comfort Homes and provides the foundation for future growth in the Tennessee market.

Commenting on the announcement, Craig Reynolds Craig Reynolds can refer to:

Craig Reynolds (computer graphics) - a computer graphics artist
Craig Reynolds (baseball player) - a baseball player
Craig Reynolds (actor) - (1907-1949)

, the Company's Chief Financial Officer, said, "These new operations in Alabama and Tennessee are evidence of the continued execution of our growth strategy and mark the initial steps to build dedicated retail distribution channels in two important regional markets."

American Homestar is one of the leading vertically integrated manufactured housing Manufactured housing (also known as prefab housing) is a type of housing unit that is largely assembled in factories and then transported to sites of use.

In the United States, the term "manufactured home" specifically refers to a house built entirely in a protected companies. The Company currently operates 11 manufacturing plants, 80 Company-owned retail sales centers, and serves 24 retail franchisees and over 400 independent retail locations in 28 states. The Company also provides retail financing through its finance affiliate, 21st Century Mortgage, and provides insurance and transportation services to its customers.

CONTACT: American Homestar Corp., Houston

Craig Reynolds, 281/334-9702

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Publication:	Business Wire
Date:	Feb 2, 1998
Words:	216
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