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Slide #10. Patrick Industries, Inc. — John H. McDonald Co., Inc. d/b/a Westside Furniture
Acquirer:
Patrick Industries, Inc. (NASDAQ:PATK)
Acquiree:
John H. McDonald Co., Inc. d/b/a Westside Furniture
Details:
Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") announced today the acquisition of the business and certain assets of Goshen, Indiana-based John H. McDonald Co., Inc., d/b/a Westside Furniture ("Westside"), a wholesale supplier of La-Z-Boy recliners and the Serta Trump Home mattress line, among other furniture products, to the recreational vehicle ("RV") industry. Westside marks the Company's third business acquisition this year.
Patrick Industries is a component solutions provider for the recreational vehicle, marine, manufactured housing and various industrial markets. Co. operates within two reportable segments: Manufacturing, which includes laminated products that are utilized to produce furniture, shelving, walls, countertops and cabinet products, cabinet doors, and fiberglass bath fixtures and tile systems; and Distribution, which includes the distribution of pre-finished wall and ceiling panels, drywall and drywall finishing products, electronics and audio systems components, appliances, marine accessories and components, wiring, electrical and plumbing products, and fiber reinforced polyester products.
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Buy (3.29 out of 4) 44th percentile
(ranked lower than approx. 56% of all stocks covered)
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