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FORT COLLINS--Champion Enterprises Inc. of Auburn Hills, Mich., continued its aggressive acquisition strategy with the January purchase of Alpine Homes Inc. of Fort Collins.
Alpine Homes was the first of four retailers Champion acquired or agreed to acquire in the last month. The four companies' combined estimated sales totaled $200 million in 1997. Alpine Homes' one location racked up $5 million in sales last year serving a 250-mile radius, said Leonard Calkins, Alpine Homes president.
"While (Alpine Homes) was a small piece of the total, it's a quality outfit ... These acquisitions are a great start for our retail expansion program and for consolidating the manufactured-housing retail industry," said Champion's chairman and CEO, Walter Young Jr. "These retailers are proven profit leaders who have successfully grown...