Patrick Industries acquires business
Patrick Industries announced Monday that it had purchased the business and assets of Middlebury Hardwood Products, which manufactures and distributes hardwood cabinet doors, components, fascia and other hardwood products, for $20.3 million.
Middlebury Hardwoods has a projected 2012 annual revenue of $33 million. It will continue to operate on its own under the Middlebury Hardwood Products brand name.
This is Patrick Industries’ fourth acquisition this year and seventh since June 2011.