M&A Deal Summary

Patrick Acquires Parkland Plastics

On February 29, 2016, Patrick acquired plastics company Parkland Plastics for 25M USD

Acquisition Highlights
  • This is Patrick’s 2nd transaction in the Plastics sector.
  • This is Patrick’s 11th largest (disclosed) transaction.
  • This is Patrick’s 23rd transaction in the United States.
  • This is Patrick’s 14th transaction in Indiana.

M&A Deal Summary

Date 2016-02-29
Target Parkland Plastics
Sector Plastics
Buyer(s) Patrick
Deal Type Add-on Acquisition
Deal Value 25M USD

Target

Parkland Plastics

Middlebury, Indiana, United States
Parkland Plastics, Inc. is a fully integrated designer, green manufacturer and distributor of innovative polymer-based products including wall panels, lay-in ceiling panels, coated and rolled floors, protective moulding, and adhesives and accessories, which are used in a wide range of applications primarily in the recreational vehicle ("RV") industry and the architectural and industrial markets.

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Buyer(S) 1

Buyer

Patrick

Elkhart, Indiana, United States

Category Company
Founded 1959
Sector Building Materials
Employees10,000
Revenue 3.7B USD (2024)
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 23 of 61
Sector: Plastics M&A 2 of 3
Type: Add-on Acquisition M&A Deals 20 of 55
State: Indiana M&A 14 of 32
Country: United States M&A 23 of 61
Year: 2016 M&A 1 of 8
Size (of disclosed) 11 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 North American Forest Products

Edwardsburg, Michigan, United States

North American Forest Products, Inc. is a manufacturer and distributor, primarily for the recreational vehicle ("RV") industry, of profile wraps, custom mouldings, laminated panels and moulding products which together represent one of Patrick's existing core product lines.

Buy $85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-03 The Progressive Group

Wyoming, Michigan, United States

The Progressive Group is a distributor component products.

Buy -