Patrick Industries, Inc. Completes Acquisition of Wire Design

July 24 2017

Patrick Industries, Inc. has completed the acquisition of the business and certain assets of Elkhart, Indiana-based Wire Design, a manufacturer of wire harnesses for the recreational vehicle, marine and industrial markets. Wire Design's trailing 12-months revenue through June 2017 was approximately $10.0 million and the total cash consideration paid for Wire Design was approximately $10.9 million. The Company expects the acquisition to be immediately accretive to net income per share.

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