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Slide #22. Patrick Industries, Inc. — Creative Wood Designs, Inc.
Patrick Industries, Inc. (NASDAQ:PATK)
Creative Wood Designs, Inc.
Patrick Industries, Inc. announced the acquisition of the business and certain assets of Creative Wood Designs, Inc. ("Creative"), a manufacturer of hardwood furniture including interior hardwood tables, chairs, dinettes, trim, fascia, mouldings, and other miscellaneous products for the recreational vehicle ("RV") industry. Creative, based in Ligonier, Indiana and with 2012 annual revenues expected to be approximately $18 million, marks Patrick's sixth acquisition since June 2011 and the third 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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