Patrick Industries Acquires Georgia Manufacturer
(photo courtesy of Patrick Industries)
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowElkhart-based Patrick Industries Inc. (Nasdaq: PATK) has completed the acquisition of Coyote Mfg. Co., a manufacturer of steel and aluminum products in Georgia. Financial terms of the deal were not disclosed.
“Coyote is a high-quality creative brand in the marine market known for its product innovation, customized style, and superior customer service,” said Andy Nemeth, chief executive officer of Patrick. “Coyote’s marine components complement Patrick’s growing portfolio in the OEM market while offering the potential for expansion into other leisure lifestyle markets. In keeping with our full solutions business model, our partnership with Coyote will provide additional resources and a wide breadth of marine products to better serve our customers across the U.S.”
Nemeth says the company will support Coyote with a financial and operational foundation that will allow it to continue to capitalize on its core business while preserving the brand.
Patrick says the business will continue to operate on a stand-alone basis under the Coyote brand name in its existing facility.