LCI Industries in Merger Talks with Patrick Industries

By Chris Stiles • Monday, April 20 16:25 • Permanent Link

LCI Industries said Friday it is in discussions with Patrick Industries about a possible merger of equals, confirming talks that could combine two suppliers serving the outdoor recreation and transportation markets.

The company did not disclose financial terms, ownership split, expected timing, or whether the talks would lead to a deal. It said the discussions are ongoing and that it does not intend to comment further unless it decides additional disclosure is appropriate.

The announcement marks the first public confirmation of negotiations between the two companies. LCI Industries, which operates through its Lippert subsidiary, supplies engineered components to OEM and aftermarket customers in the RV and transportation sectors. Patrick Industries also serves the RV market and adjacent transportation and housing end markets.

No revenue, earnings, margin, or balance-sheet figures were provided in the release. Following these announcements, the company's shares moved 0.68%, and are now trading at a price of $123.75. Check out the company's full 8-K submission here.

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