Collins & Co., a Bristol, Ind.-based supplier to the RV industry, has purchased the assets of Elkhart, Ind.-based Burnstine’s Distributing Corp. and will operate it as a division.
The sale was completed at the end of October. Terms of the purchase were not disclosed.
The purchase did not include the Burnstine’s facility on C.R. 6 on the northeast side of Elkhart.
Collins & Co. distributes carpeting, hardwood, vinyl tile, ceramic, linoleum, laminates and area rugs predominately to the RV industry but also to the manufactured housing and commercial office building industries and the home building industry.
President and co-founder Rick Collins told RVBUSINESS.com the assets of Burnstine’s, a family business founded in 1904, are being transferred to his company’s 90,000-square-foot facility in Bristol.
Most of the Burnstine’s employees are making the move to Bristol, Collins said.
“I think you’ll see more consolidation in the industry, both on the manufacturing and supplier side,” said Collins, who noted that Collins & Co. is coming off a good year where sales were up “substantially.”
Collins said his company’s capital strength and market penetration will help grow the new Burnstine’s division.
He said he is excited about the purchase as he absorbs the Burnstine’s customer base.
“Burnstine’s is similiar to what we do already, but our product lines are different,” he said. “We aren’t cannibalizing our customers, however, as a lot of their customers are different.”
Colllins & Co. is coming off last week’s 48th Annual National RV Trade Show in Louisville, Ky., with indications that business will be as good if not better at least through the first six months of 2011, he said.
Collins and partner Glenn Bruce founded Collins & Co. in January 1997.
Burnstine’s began in 1904 as The Elkhart Junk Co. and transitioned into becoming an early supplier to the fledgling mobile home industry in Elkhart 80 years ago. It became a distributor of products for the RV, modular housing and specialty vehicle markets. It operated in downtown Elkhart until moving out to the C.R. 6 location in 2004, becoming the first firm to locate in the new Elkhart East Industrial Park.
Harry Burnstine, grandson of founders Harry and Sarah Burnstine, had been the company president. His daughters, Christy and Sarah, were in charge of daily operations. They are joining in the move to Bristol.