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Article: Walter Industries Homebuilding Subsidiary Acquires Texas-Based Dream Homes, Inc.
- Article from:
- PR Newswire
- Article date:
- October 5, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TAMPA, Fla., Oct. 5 /PRNewswire/ -- Jim Walter Homes, Inc., the homebuilding and mortgage financing subsidiary of Walter Industries, Inc. (NYSE: WLT), today announced that it has acquired Texas-based builder Dream Homes, Inc. in an all-cash purchase.
Like Jim Walter Homes, Dream Homes is an "on-your-lot" builder of detached, single-family homes on customer-owned property. Dream currently builds approximately 170 homes annually at an average selling price of $83,000, generating revenues of approximately $14 million from sales offices in Dallas, Houston, Cleveland and New Braunfels, Texas.
Jim Walter Homes, with 117 sales locations in 19 Sunbelt and ...