Patrick Industries, Inc. has completed the acquisition of Goshen, Indiana-based Maple City Woodworking Corporation, a manufacturer of hardwood cabinet doors and fascia for the recreational vehicle ("RV") market.

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Patrick Industries acquires Maple City Woodworking

Patrick Industries acquires Maple City Woodworking

Patrick Industries, Inc. has completed the acquisition of Goshen, Indiana-based Maple City Woodworking Corporation, a manufacturer of hardwood cabinet doors and fascia for the recreational vehicle market.

Maple City's fiscal 2019 revenue was approximately $12 million, and the сompany expects the acquisition to be immediately accretive to net income per share.

"The acquisition of Maple City provides the opportunity for Patrick to capitalize on our existing hardwood door manufacturing expertise and capabilities, increase our RV content per unit, and expand our footprint as a premier supplier to the RV market," said Andy Nemeth, President and CEO of Patrick. "In addition, Maple City is an excellent fit with our entrepreneurial philosophy and we are excited about bringing the two companies together to continue to serve our customers at the highest level, providing high-quality, customized cabinet doors and components. Consistent with previous acquisitions, we will support Maple City with a financial and operational foundation that will allow it to capitalize on its core competencies."

The acquisition of Maple City includes the acquisition of working capital, machinery and equipment, and real estate. Patrick will continue to operate Maple City on a stand-alone basis under its brand name in its existing facilities.

Patrick Industries, Inc. is a major manufacturer and distributor of component products and building products.