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Patrick Industries Closes Acquisitions of Seating Maker Williamsburg Marine, Williamsburg Furniture
Wednesday 24 November 2021

US-based component solutions provider Patrick Industries, Inc. (NASDAQ: PATK) has completed the acquisitions of Indiana, US-based marine and motorized RV seating manufacturer Williamsburg Marine LLC and Williamsburg Furniture, Inc, the company said.

Williamsburg's aggregate trailing 12-months revenue through October 2021 was approximately USD 41m, and the acquisitions are expected to be immediately accretive to net income per share.

The Williamsburg businesses will continue to operate on a stand-alone basis under their respective brand names in their existing facilities.

Patrick Industries (NASDAQ: PATK) is a leading component solutions provider for the RV, marine, manufactured housing and various industrial markets including single and multi-family housing, hospitality, institutional and commercial markets.

Founded in 1959, Patrick is based in Elkhart, Indiana, with over 11,000 employees and 160 businesses across the United States.
Date Published: 24/11/2021