Profile: Patrick Industries Inc (PATK.O)
26 May 2017
Patrick Industries, Inc. (Patrick), incorporated on January 3, 1961, is a manufacturer of component products and distributor of building products and materials for the recreational vehicle (RV) and manufactured housing (MH) industrial markets for customers throughout the United States and Canada. In addition, the Company is a supplier to certain other industrial markets, such as kitchen cabinet, office and household furniture, fixtures and commercial furnishings, marine, and other industrial markets. The Company operates in two segments: Manufacturing and Distribution. The Company manufactures a range of products, which include decorative vinyl and paper laminated panels, solid surface, granite and quartz countertops, fabricated aluminum products, wrapped vinyl, paper and hardwood profile mouldings, slide-out trim and fascia, cabinet doors and components, hardwood furniture, fiberglass bath fixtures, fiberglass and plastic component products including front and rear caps and marine helms, softwoods lumber, interior passage doors, RV painting, and slotwall panels and components, among others. As of December 31, 2016, the Company maintained 56 manufacturing plants and 22 warehouse and distribution facilities in 16 states.
The Company's lamination operations utilize various materials, such as lauan, medium density fiberboard (MDF), gypsum, and particleboard, which are bonded by adhesives or a heating process to a number of products, including vinyl, paper, foil and high-pressure laminates. The Company's products are utilized to produce furniture, shelving, wall, counter, and cabinet products with a range of finishes and textures. The Company's segment also includes the divisions, such as cabinet door, fiberglass bath fixtures, a hardwood furniture, a vinyl printing, a solid surface, granite, and quartz countertop fabrication, an exterior graphics, an RV painting, fabricated aluminum products, a simulated wood and stone products, and a fiberglass and plastic components.
The Company distributes pre-finished wall and ceiling panels, drywall and drywall finishing products, electronics, wiring, electrical and plumbing products, FRP products, cement siding, interior passage doors, roofing products, laminate and ceramic flooring, shower doors, furniture, fireplaces and surrounds. The Company also distributes interior and exterior lighting products, and other miscellaneous products.
Patrick Industries Inc
107 W Franklin St
PO Box 638
ELKHART IN 46515-0638