Exhibit 99.1
Contacts:
Laurie Van Raemdonck
Vice President, Investor Relations
(248) 340-7731
lvanraemdonck@championhomes.net
or
Media Contact:
Christine Fisher
pushtwentytwo
(248) 335-9500 ext. 30
cfisher@pushtwentytwo.com
Champion Enterprises Announces the Closure of Its Alabama Manufacturing Facility
AUBURN
HILLS, Mich., Nov. 26, 2007 Champion Enterprises, Inc. (NYSE: CHB), a leader in
factory-built construction, today announced that it will close its manufacturing facility in Guin,
Ala. As a result of the closure, the Company expects to record pretax restructuring charges of up
to $4.5 million in the fourth quarter ending Dec. 29, 2007.
We
regret having to make the decision to close our Guin, Ala. operation, which has been part of the
Champion organization since the late 1980s, but its capacity utilization rate and profitability
continue to run well below acceptable levels and any near-term improvement appears unlikely,
stated William Griffiths, chairman, president and chief executive officer of Champion Enterprises,
Inc. This is the seventh manufacturing facility we have idled or closed since mid-2006 in an
effort to continue delivering strong segment operating margins despite challenging U.S. housing
markets.
About Champion
Auburn Hills, Michigan-based Champion Enterprises, Inc., a leader in factory-built construction,
operates 31 manufacturing facilities in North America and the United Kingdom working with
independent retailers, builders and developers. The Champion family of builders produces
manufactured and modular homes, as well as modular buildings for government and commercial
applications. For more information, please visit www.championhomes.com.
Forward-Looking Statements
This news release contains certain statements, including statements regarding expected
restructuring charges and segment operating margins, each of which could be construed to be
forward-looking statements within the meaning of the Securities Exchange Act of 1934.
These statements reflect the Companys views with respect to future plans, events and financial
performance. The Company does not undertake any obligation to update the information contained
herein, which speaks only as of the date of this press release. The Company has identified certain
risk factors, which could cause actual results and plans to differ substantially from those
included in the forward-looking statements. These factors are discussed in the Companys most
recently filed Form 10-K and other filings with the Securities and Exchange Commission, in each
case under the section entitled Forward-Looking Statements, and those discussions regarding risk
factors are incorporated herein by reference.