M&A Deal Summary

Patrick Acquires Creative Wood Designs

On September 14, 2012, Patrick acquired furniture company Creative Wood Designs for 6M USD

Acquisition Highlights
  • This is Patrick’s 1st transaction in the Furniture sector.
  • This is Patrick’s 22nd largest (disclosed) transaction.
  • This is Patrick’s 8th transaction in the United States.
  • This is Patrick’s 4th transaction in Indiana.

M&A Deal Summary
Date 2012-09-14
Target Creative Wood Designs
Sector Furniture
Buyer(s) Patrick
Deal Type Add-on Acquisition
Deal Value 6M USD

Target

Creative Wood Designs

Ligonier, Indiana, United States
Creative Wood Designs, Inc. is a manufacturer of hardwood furniture including interior hardwood tables, chairs, dinettes, trim, fascia, mouldings, and other miscellaneous products.

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Buyer(S) 1

Buyer

Patrick

Elkhart, Indiana, United States
Category Company
Founded 1959
Sector Building Materials
Employees10,000
Revenue 3.5B USD (2023)
DESCRIPTION
Entrance to Patrick Industries' corporate headquarters in Elkhart, Indiana.
Entrance to Patrick Industries' corporate headquarters in Elkhart, Indiana.

Patrick is a manufacturer of building products and materials to the manufactured housing and recreational vehicle industries. The Company also supplies many of its products to the Industrial market that include customers in the kitchen cabinet, household furniture, fixtures and commercial furnishings, marine, architectural and the automotive aftermarket. Patrick was founded 1959 and is based in Elkhart, Indiana.

DEAL STATS #
Overall 8 of 61
Sector (Furniture) 1 of 1
Type (Add-on Acquisition) 6 of 55
State (Indiana) 4 of 32
Country (United States) 8 of 61
Year (2012) 3 of 4
Size (of disclosed) 22 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-24 R. B. Gustafson Co

Elkhart, Indiana, United States

R. B. Gustafson Co, Inc. (Gustafson Lighting) is a designer, manufacturer, importer, and distributor of high-quality lighting products.

Buy $3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-29 Middlebury Hardwood Products

Middlebury, Indiana, United States

Middlebury Hardwood Products, Inc. is a manufacturer and distributor of hardwood cabinet doors.

Buy $20M
Mergr

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