Elkhart, Indiana -- Patrick Industries Inc. has completed the acquisition of the manufacturing and distribution business of Elkhart, Indiana-based Praxis Group.
Praxis, a manufacturer and distributor of countertops, polyurethane foam products, and furniture to the recreational vehicle (RV) industry, has projected annual revenues of approximately $4 million, Patrick said in a 16 June statement.
"We are very excited to work with the Praxis team and be afforded the opportunity to continue to bring new products to our existing customer base and potentially to other customers outside of the RV industry," commented Todd Cleveland, Patrick ceo.
He added, "The Praxis team has deep customer relationships and a highly innovative approach to the manufacturing and distribution of products within the RV industry that will provide a direct complement to our strategic focus."
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