Clayton Homes, a manufactured home builder that is part of Warren Buffet’s Berkshire Hathaway (BRK), is buying Chafin Communities, a Georgia-based residential homebuilder, for $50 million.
The details of the transaction are scarce at this point. According to the Atlanta Business Chronicle, which first reported the acquisition earlier Monday, Clayton will receive nearly 1,100 lots as part of the deal.
The Atlanta Business Chronicle also reported that Chafin Communities’ founders, Eric and Daryl Chafin, will continue to lead the company and Chafin’s 25 employees will join Clayton.
According to the Atlanta Business Chronicle, Chafin Communities builds predominantly in northeast Atlanta, in Gwinnett, Forsyth and Hall counties.
