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Slide #10. Patrick Industries, Inc. — John H. McDonald Co., Inc. d/b/a Westside Furniture
Patrick Industries, Inc. (NASDAQ:PATK)
John H. McDonald Co., Inc. d/b/a Westside Furniture
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 manufacturer and distributor of component and building products and materials. Co. segments are Manufacturing and Distribution, through a nationwide network of manufacturing and distribution centers for its products. The manufacturing segment includes the following products: laminated products that are utilized to produce furniture, shelving, walls, countertops and cabinet products; cabinet doors; and fiberglass bath fixtures and tile systems. The distribution segment distributes, among others, pre-finished wall and ceiling panels; drywall and drywall finishing products; electronics and audio systems components; appliances; and electrical and plumbing products.
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Buy (3.25 out of 4)
(ranked higher than approx. 51% of all stocks covered)
Based on Zacks ABR data;
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