Patrick Industries Acquires Nickell Moulding

January 2nd, 2018 by Editor

Patrick Industries Inc. recently completed the acquisition of Elkhart, Ind.-based Nickell Moulding Company Inc., a custom manufacturer of hardwood and wrapped mouldings and trim, custom wood frames, and door components for manufactured housing and other markets.

The company projects Nickell’s full-year 2017 revenues to be approximately $21 million. Patrick paid $11 million to buy Nickell.

“Nickell’s position as a high-quality national supplier of custom mouldings and frames complements our existing hardwoods expertise and product offerings, providing us with the opportunity to increase our RV and MH content per unit and leverage our capabilities in three of our core markets,” said Todd Cleveland, CEO of Patrick. “Nickell is an excellent fit with our entrepreneurial brand philosophy and this acquisition is well-aligned with our strategic initiatives and capital allocation strategy.”

Patrick will continue to operate Nickell on a stand-alone basis under its brand name in its existing facility.

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