In a deal that marks a pivotal moment for two Texas-based companies, DallasNews Corporation has sold its iconic Plano printing facility for $43.5 million, paving the way for a new chapter in American manufacturing. The buyer? Denago EV, an emerging force in the electric vehicle industry, specializing in low-speed vehicles (LSVs) and next-generation golf carts.
The facility—a sprawling 29-acre property with nearly 700,000 square feet of space—will now serve as Denago EV’s Southern U.S. production and manufacturing hub, bringing new life to a building that once printed The Dallas Morning News, Texas’ oldest and most storied daily newspaper.
“We’re honored to build the future of Denago EV from such a historic and meaningful facility,” Zoe Wittrock,a Deango EV Team Member said in a statement. “This is more than a building—it’s a symbol of our commitment to U.S. manufacturing and the Dallas-Fort Worth community.”
With this acquisition, Denago’s total factory footprint in the DFW area surpasses 1 million square feet, signaling not just growth, but ambition.
A Milestone for DallasNews Corp.
For DallasNews Corporation (Nasdaq: DALN), the sale represents a strategic win. The company, which announced the transaction back in December 2024, has now closed the deal as part of its broader plan to consolidate operations into a more efficient, leased facility in Carrollton, Texas.
CEO Grant Moise called it an “important milestone” in the company’s Return to Growth Plan, noting that part of the proceeds will be used to fully fund the company’s pension liabilities—a move aimed at securing retirement benefits for more than 1,300 current and former employees.
“This is not just a real estate deal—it’s a financial and cultural turning point,” Moise said. “We’re delivering certainty to our people while streamlining for the future.”
Driving the EV Future
For Denago EV, this acquisition comes amid whispers of major growth and potential new deals. While the company has stayed mum on specifics due to public company regulations, leadership hinted at several acquisitions in the works—one of which may close in the coming weeks and could enable domestic manufacturing of over 100,000 chassis per year.
The company also acknowledged the competitive pressure from industry stalwarts like Club Car and E-Z-GO, emphasizing its commitment to continuous innovation, product quality, and dealer growth.
“We’re in this for the long haul,” the company stated. “This facility is more than just bricks and beams—it’s a statement. We’re putting our money where our mouth is.”
What’s Next?
With momentum building, Denago’s expansion underscores a broader trend: a resurgence in U.S.-based manufacturing, particularly in the electric vehicle space. And with 1 million square feet now under their belt—and more reportedly on the horizon—Denago is positioning itself not just as a player, but as a leader in the EV revolution.
The Plano property may have printed its last newspaper, but its next chapter promises to be just as impactful.
Originally seen on Golf Car Advisor
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