Announced
Completed
Financials
Tags
countertops
Single Bidder
Majority
Domestic
United States
Household Equipment and Products
Acquisition
Friendly
Completed
home improvement products
Private
Synopsis
Patrick Industries, which manufactures and distributes building products for the manufactured housing, recreational vehicle, furniture manufacturing, marine, automotive aftermarket, and other industries, completed the acquisition of Front Range Stone, a fabricator and installer of a full suite of natural stone, quartz, solid surface, and laminate countertops. Financial terms were not disclosed. "This acquisition represents an attractive growth opportunity with strong leadership to leverage our existing industrial operations to expand both our countertop presence and our geographic presence into the Great Plains and western housing markets. Consistent with previous acquisitions, we will support Front Range with a financial and operational foundation that will allow it to capitalize on its core competencies while preserving the entrepreneurial spirit that has been so important to its success," Andy Nemeth, Patrick President and CEO.
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