With revenues in 2015 of $28 million, MSM produces and distributes an array of aluminum and steel products for the recreational vehicle and industrial markets. Patrick CEO Todd M. Cleveland, noting Patrick’s capitalizing on MSM’s value-added manufacturing capabilities and products, said, “The acquisition of MSM provides us the opportunity to continue to penetrate adjacent industrial markets with our broad product offering and value proposition.”
Funded under the company’s existing credit facility, the acquisition includes accounts receivable, inventory, machinery and equipment. MSM will continue to operate under its own brand name.
Patrick is a component supplier to the manufactured home and recreational markets as well as to other industrial markets. ##
(Photo credit: insideindianabusiness)
