Patrick Industries has closed on its purchases of Williamsburg Marine LLC in Milford and Williamsburg Furniture Inc. in Nappanee.
The diversified Elkhart-based manufacturer described Williamsburg as a manufacturer of marine and motorized RV seating. Williamsburg revenues were estimated at $41 million at the end of October.
“We are excited to partner with Gus Feiler and the creative teams at Williamsburg, whose quality and customized seating product offerings will further enhance our presence and full solutions model in the marine and RV space,” said Andy Nemeth, CEO of Patrick. “In addition, these acquisitions are an excellent fit with our entrepreneurial philosophy, while providing us the opportunity to continue to better serve our customers.”
He said as with previous acquisitions, Patrick will support Williamsburg with “a financial and operational foundation that will allow it to continue to capitalize on its core competencies.”
Feiler, president and founder of Williamsburg, said his company looks forward to becoming part of Patrick Industries.
“The Williamsburg team and I are very happy to join the Patrick family, whose strategic resources and broad marine and RV industry presence will enhance our ongoing commitment to delivering a comprehensive suite of innovative seating products,” he said. “We are committed to growing our capacity and capabilities as we strive to be the best partners for our customers in the markets we serve.”
The Williamsburg businesses will continue to operate under their respective brand names in their existing facilities, Patrick Industries said.
