Patrick Industries to acquire cabinet door business
Elkhart, Ind.-based Patrick Industries, a manufacturer of building materials and component products for recreational vehicles, manufactured housing and industrial markets, announced that it has signed a definitive agreement to purchase certain assets of the cabinet door business of Quality Hardwood Sales.
The transaction is set to be completed in January.
"This acquisition fits within the scope of our strategic plan by adding products which complement our existing RV product lines," said Todd Cleveland, president and CEO. "Patrick's expertise in the cabinet door industry and its state of the art manufacturing facility afford the company the opportunity to further drive value for its customers and shareholders and gain additional market share, while at the same time improving both our profitability and leverage positions."