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Southern Energy Homes, Inc. Completes Acquisition of Giles Industries.

Publication: PR Newswire
Publication Date: 21-MAR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
ADDISON, Ala., March 21 /PRNewswire-FirstCall/ -- Southern Energy Homes, Inc. (OTC Pink Sheets: SEHI) today announced that it has completed the previously announced acquisition of Giles Industries, Inc. of New Tazewell, Tennessee. As part of the transaction, Southern Energy also acquired the assets of SunRay RV, LLC, an affiliate of Giles. The transaction is currently valued at approximately $18.5 million, consisting of $16.2 million in cash and 393,000 shares of Southern Energy's stock. Closing of the transaction...



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