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Construction Materials & Machinery M&A image Construction Materials & Machinery M&A » By The Online Investor Staff, updated Fri., Mar. 29, 2:56 AM Recent mergers and acquisitions in the Construction Materials & Machinery M&A category.

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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Company Name: 
Patrick Industries Inc
Stock buyback: 
PATK buyback
Website: 
www.patrickind.com
Sector: 
Auto Parts
Number of ETFs Holding PATK: 
48
Total Market Value Held by ETFs: 
$487.30M
Total Market Capitalization: 
$2.59B
% of Market Cap. Held by ETFs: 
18.82%
 

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Buy (3.29 out of 4)
44th percentile
(ranked lower than approx. 56% of all stocks covered)

Analysts' Target Price:
PATK Stock Forecast

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