Profile: Patrick Industries Inc (PATK.O)
9 Dec 2016
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) industries. 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, fabricated aluminum products, wrapped vinyl, paper and hardwood profile moldings, solid surface, granite and quartz countertops, cabinet doors and components, hardwood furniture, fiberglass bath and shower fixtures, fiberglass and plastic component products, including front and rear caps and marine helms, slide-out trim and fascia, interior passage doors, RV painting, simulated wood and stone products, and slotwall panels and components, among others.
The Company maintains approximately 40 manufacturing plants and approximately 20 warehouse and distribution facilities in approximately 10 states. In addition, the Company offers laminate bonded primarily to particleboard, which has many uses, including countertops, cabinetry and office furniture, among others. The Company manufactures and fabricates solid surface, granite, quartz, and high-pressure laminate countertops for all of its primary markets, as well as slotwall panels and components for the retail store markets. The Company's roll-laminated products are used in the production of wall, cabinet, shelving, counter, and fixture products with a range of finishes and textures. The Company also provides value added processes, including custom fabrication, edge-banding, drilling, boring, and cut-to-size capabilities. The Company also manufactures various fiberglass bath and shower surrounds and fixtures.
The Company manufactures approximately three cabinet door product lines in both raised and flat panel designs, as well as square, shaker style, cathedral and arched panels. The Company's cabinet door product line manufactures from raw lumber using solid oak, maple, cherry and other hardwood materials, and comes in a range of finishes and glazes. The Company's doors are made with a number of outside decorative components, such as rosettes, hardwood molding, arched window trim, blocks and windowsills, among others. The Company also markets to the cabinet manufacturers and ready-to-assemble furniture manufacturers. The Company's vinyl printing facility produces a range of decorative and textured vinyls, which are approximately 50” in width and approximately 3.2-mil nominal thickness and are shipped in rolls ranging from 300-800 yards in length.
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