RVBusiness.com reports Elkhart, Indiana-based Patrick Industries, Inc. has acquired Foremost Fabricators LLC, a manufacturer of fabricated aluminum products, fiber reinforced polyester sheet and coil, and custom laminated products primarily for the recreational vehicle (RV) market. While expected annual revenues will total $75 million, MHProNews has learned the net purchase price of $45 million includes accounts receivable, inventory, prepaid expenses and machinery and equipment. Manufactured housing component supplier Patrick will operate Foremost under its own name on a stand-alone basis at existing facilities.##

(Image credit: Patrick Industries, Inc.)