Patrick Metals in Mishawaka, Indiana Sold for $7.4 Million
7/23/2009 8:05:00 AM
(PRNewswire-FirstCall/) â€“ Patrick Industries Inc. (NASDAQ:PATK) says it has agreed to a $7.4 million deal to sell its aluminum extrusion operation in Mishawaka, Indiana to Patrick Aluminum, Inc., a member of the UMC family of companies.
The business, known as Patrick Metals, produces and paints semi-fabricated and fabricated aluminum extrusions for structural and non-structural applications, and comprised Patrick Industries engineered solutions business segment. That business segment was classified as a discontinued operation in the fourth quarter of 2008.
Patrick Industries is a manufacturer and distributor of building and component products for the recreational vehicle, manufactured housing and industrial markets.
Under Patrick Aluminum, the aluminum extrusion operation will continue to operate under the name "Patrick Metals". For more information about the company visit http://www.patrickmetals.com/