Patrick Industries in Merger Talks with LCI Industries

By Chris Stiles • Wednesday, April 22 10:19 • Permanent Link

Patrick Industries said it is in discussions with LCI Industries about a potential merger of equals.

The announcement did not include a signed agreement, deal value, or structure, and Patrick said there is no assurance the talks will lead to a transaction. The company also said it does not plan to provide further comment unless a formal agreement is reached or the discussions end.

Patrick described itself as a component solutions provider serving RV, marine, powersports and housing markets, with more than 85 brands and more than 10,000 employees. The market has reacted to these announcements by moving the company's shares -3.43% to a price of $108.16. Check out the company's full 8-K submission here.

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