Patrick Industries Acquires Supplier Praxis
Recreational vehicle and manufactured housing supplier Patrick Industries Inc. announced today (June 16) that it has completed the acquisition of certain assets of Elkhart, Ind.-based Praxis Group.
According to a press release, Praxis is a manufacturer and distributor of countertops, foam products, shower doors and furniture products to the RV industry with projected annualized revenues of approximately $4 million.
“We are very excited to work with the Praxis team and be afforded the opportunity to continue to bring new products to our existing customer base and potentially to other customers outside of the RV industry,” said Todd Cleveland, president and CEO for Patrick, also based in Elkhart.
He added, “The Praxis team has deep customer relationships and a highly innovative approach to the manufacturing and distribution of products within the RV industry that will provide a direct complement to our strategic focus.”