Elkhart, Indiana-based Patrick Industries, Inc. (PATK) has acquired Precision Painting Group which offers interior and exterior painting for recreational vehicles (RVs), and includes TDM Transport, Inc., which services in-house customers. Although no purchase price was published, Precision expects annual revenues this year of $28 million, according to rvbusiness.com. Patrick is a component supplier to the manufactured housing industry, as MHProNews knows. Todd Cleveland, president and CEO of Patrick, says, “Precision’s excellent reputation in the industry, which has been built upon years of providing high quality products and service and industry leading expertise to its customer base, will allow us to establish a strong presence in the painting market while providing opportunities to expand our array of products and services to the RV market through existing sales channels. ##
