NEWS RELEASES
Patrick Acquires LaSalle Bristol
Editor's Note: This news item was retrieved and first published through PR Newswire's website.
ELKHART, Ind. - Patrick Industries, Inc. (NASDAQ: PATK) has completed the acquisition of Elkhart-based LaSalle Bristol along with other subsidiaries of Arran Isle Limited. LaSalle Bristol operates a nationwide network of 11 distribution centers, one manufacturing facility, and three combined manufacturing facilities and distribution centers across North America, all situated in close proximity to MH and RV manufacturing facilities. The company is a supplier of plumbing, flooring, tile, lighting, air handling, and building products to the manufactured housing (MH) and recreational vehicle markets. Patrick plans to operate LaSalle Bristol on a stand-alone basis under its brand names in its existing facilities.
"LaSalle Bristol's large national footprint and supply chain expertise are highly complementary to our business model and will enable us to continue to meet our customer's demands, ensure just-in-time delivery, and provide the highest levels of customer service," Andy Nemeth, President of Patrick, said in a press release. "Consistent with previous acquisitions, we will support LaSalle Bristol with a financial and operational foundation that will allow it to capitalize on its core competencies while preserving the entrepreneurial spirit that has been so important to its success."
For the full press release and background on Patrick, click here.
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