“Now, we’ve acquired the assets of a company with a 30-year proven track record of designing and building high quality barns and structures”
Corning, CA (PRWEB) February 5, 2011
The Paskenta Band of Nomlaki Indians has acquired MD Barns and Barnmaster, two of the nation’s most respected brands of modular barns. The Tribe acquired MD Barns and Barnmaster as part of its strategy to further diversify its economic base and will operate them under the sole name of MD Barnmaster.
The company boasts over 150,000 customers worldwide with projects that range from one-stall horse barns on family farms to a 1000-stall equine facility. In addition to horse barns, MD Barnmaster designs & builds commercial storage and multi-purpose buildings, agricultural buildings, garages, corrals, sheds, and more.
“We've made economic diversification one of our top priorities,” said John Crosby, Director of Economic Development for the Paskenta Band of Nomlaki Indians. “Economic growth in multiple industries will protect our Tribe from risks to any one business and will help both our Tribe and our community remain economically strong.”
After opening Rolling Hills Casino(Corning, CA) in 2002, The Tribe started and/or acquired major interests in several successful businesses including Tepa, a general contracting business, Inentec, an environmental services & energy business, and Paskenta Land Holdings, Inc., a real estate investment firm. The Tribe also built and operates the nationally-ranked Sevillano Links Golf Course at Rolling Hills Casino. The Tribe will soon open the Rolling Hills Indian Health Clinics in Corning and Red Bluff, CA.
“Now, we’ve acquired the assets of a company with a 30-year proven track record of designing and building high quality barns and structures,” said Bruce Thomas, Chief Executive Officer. MD Barns and Barnmaster had previously been operated as competing brands. Rather than manufacturing and marketing two separate competing brands, MD Barns and Barnmaster will merge under one umbrella brand; MD Barnmaster. The concept is to showcase different product lines that will appeal to a nationwide market while efficiently and more aggressively marketing the modular barn product.
“We plan to enhance the design of the barns to increase manufacturing efficiencies while delivering a better built, more progressive barn to our market,” said Thomas. Before the recent housing crisis, MD Barns and Barnmaster reported impressive annual earnings, and Thomas expects MD Barnmaster to do equally as well in the future under the Tribe’s ownership. Thomas, himself a horseman, is as enthusiastic about the quality of MD Barnmaster barns as he is about the company’s earning potential for the Tribe. “These barns come with huge benefits,” said Thomas. “They are cost-effective to construct, easy to maintain, and built to help withstand snow, heavy winds, fire, earthquakes, and kicking horses. I am pleased the Tribe acquired these brands, and am confident MD Barnmaster will be a successful acquisition for the Tribe.”
For more information visit: http://www.mdbarnmaster.com/ or call 1-800-343- BARN.