Patrick Industries, a prominent player in the manufacturing sector, has successfully completed its acquisition of Elkhart Composites, a company based in Indiana. This strategic move is set to enhance Patrick Industries' offerings in the composite materials market.
Previously owned by Thor Industries, Elkhart Composites has been known for its Elkboard brand products. These innovative composite materials are primarily utilized in the construction of sidewalls and ceilings, offering a robust, lightweight, and sustainable alternative to traditional wood products.
The acquired company's products have been integral to both Thor branded companies and various external clients, ensuring a broad market reach. With this acquisition, Patrick Industries not only diversifies its product lineup but also strengthens its market position by integrating high-quality composite solutions.
Andy Nemeth, CEO of Patrick Industries, expressed enthusiasm about the acquisition, highlighting the benefits of collaborating with Thor Industries. He noted, "We are excited about the opportunity to further partner with Thor as we expand Patrick’s own high-quality composite panel solutions to our markets. Elkhart Composites’ products will join our growing portfolio of brands that supply composite materials, further aligning our commitment to excellence and serving our RV and Marine OEM customers at the highest level."
Elkhart Composites was brought into the Thor Industries family in December 2021 through a subsidiary, Airxcel Inc. This acquisition by Patrick Industries marks another significant step following their previous acquisition of RecPro in September 2024, indicating a sustained expansion strategy in the composites sector.
This acquisition underscores Patrick Industries' commitment to enhancing its product offerings and its dedication to the RV and marine markets.
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