Patrick Industries, Inc. Completes Acquisition of Engineered Metals and Composites, Inc.

October 08 2018

Patrick Industries, Inc. has completed the acquisition of the business and certain assets of West Columbia, South Carolina-based Engineered Metals and Composites, Inc. EMC's trailing 12-months revenue through August 2018 was approximately $16 million, and the Company expects the acquisition to be immediately accretive to net income per share.

The acquisition of EMC includes the acquisition of accounts receivable, inventory, and machinery and equipment, and was funded under the Company's existing credit facility. Patrick will continue to operate EMC on a stand-alone basis under its brand name in its existing facility.

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