Elkhart, Indiana-based Patrick Industries (NASDAQ:PATK) announces the acquisition of Frontline, Mfg., Inc. and Premier Concepts, Inc., two related companies, both of nearby Warsaw, IN for $8 million. Frontline manufactures bath fixtures for the manufactured housing and recreational vehicle markets, and has projected revenues for this year of $15 million. Premier specializes in custom countertops for the RV and residential housing industries, and projects sales this year of $10 million. According to insideindianabusiness.com, the purchase was funded through a line of credit. Both companies will continue to operate in their current facilities. MHProNews knows Patrick is a supplier of a variety of components to the MH and RV markets. On the big board Fri., Sept. 6 the stock closed down -$1.86 at $26.93.
(Image credit: Patrick Industries, Inc.)