Patrick Industries Inc. announced today (Aug. 23) that it has completed the previously announced acquisition of certain assets of Bristol, Ind.-based Blazon International Group , a distributor of various wiring, electrical, lighting, plumbing and other building products to the RV and manufactured housing industries, at a purchase price of approximately $3.7 million.
“We are very excited to work with the Blazon team, and that this acquisition will provide us with a broader portfolio of products to offer our valued customers in addition to the array of products that we already have in our existing distribution channels,” Todd Cleveland, president and CEO, stated in a news release.
Patrick Industries Inc. announced today (Aug. 18) that it has signed a definitive agreement to acquire certain assets of Blazon International Group, a distributor of various wiring, electrical, lighting, plumbing and other building products to the RV and manufactured housing industries. The transaction is expected to be completed by the end of August, the company stated in a news release.
A purchase price was not disclosed.
“This acquisition fits within the scope of our strategic plan by adding new products that will expand our existing RV and MH distribution presence, and further demonstrates our continued commitment to serve these industries,” stated Todd Cleveland, president and CEO of Elkhart, Ind.-based Patrick. “We are excited about establishing long-term relationships with Blazon’s supplier base, and believe we possess the financial resources and geographic footprint to further grow these relationships and product lines through our existing established distribution channels.”
“We also look forward to enhancing our customer relationships by supplying our customers with the solid product lines brought over from Blazon and with the expertise that Blazon’s associates and product managers possess,” Cleveland further added.
Blazon is based in Bristol, Ind., and has satellite locations in Alabama and Texas.