The Drees Company
211 Grandview Dr., Ste. 300
Fort Mitchell, KY, United States
“In Their Own Words”
As The Drees Company celebrated its 75th anniversary in 2003, a little house in Wilder, Kentucky, stood in tribute to craftsmanship that endures.
In 1928, Theodore Drees built that house after he made his way from northwestern Germany to North America via a long stay in Brazil and a six-week steamship ride. Theodore and four friends lived in the house until it sold, and Theodore Drees Builders was born.
Theodore's son, Ralph, joined the business in 1959 after serving his country in the Army. Ralph, like his father, would build only the best for his customers. It was Ralph's philosophy of diversification and industry leadership that took the company into new markets as far away as Dallas, Texas and beyond.
To lead Drees to the forefront of the next generation, Ralph's son, David, became president in 1993. He has continued the tradition of providing quality and value, and holding the highest standards for materials and practices.
His grandfather's legacy is reflected in the company's many prestigious industry honors.
Now the nation's 25th top builder, Drees remains headquartered in Fort Mitchell, Kentucky, and has operations in Cincinnati, Dayton, Cleveland, Indianapolis, Nashville, Raleigh, N.C., Frederick, Md., Washington D.C., Austin and Dallas/Fort Worth.
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Company Information from Hoover's
Drees Co. is a leading homebuilder in Cincinnati and one of the top private builders in the US. Customers may choose from homes that range from about $100,000 to more than $900,000. It also builds condominiums, apartments, and commercial buildings through its nine divisions. The company is expanding through acquisitions such as the addition of the homebuilding assets of Zaring National in Cincinnati (Zaring Premier Homes), Indianapolis, and Nashville, Tennessee, and Ausherman Homes (renamed Drees) in Frederick, Maryland (near Washington, DC). The Drees Co. offers financing through its First Equity Mortgage subsidiary.
Key Numbers
| Company type |
Private |
| Fiscal Year-End |
March |
| 2006 Sales (mil.) |
$1,120.0 |
| 1-year Sales Growth |
(5.3%) |
| new Income (mil.) |
|
| 1-year Net Income Growth |
|
| 2006 Employees |
1,226 |
| 1-Year Employee Growth |
(8.4%) |
Key People
| Chairman |
Ralph Drees |
| President and CEO |
David Drees |
| EVP and CFO |
Mark Williams |
Key Competitors
More information at Hoovers.com
Profile information about The Drees Company ©2007
Hoover's, Inc.
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