Cana’s revenues for 2015 were $18 million; the net purchase price was roughly $16.8 million.
“The acquisition of Cana provides the opportunity for Patrick to capitalize on our existing cabinetry manufacturing expertise and expand our footprint as a premier supplier in both the MH and industrial markets,” said Todd Cleveland, Chief Executive Officer of Patrick. “This acquisition is an excellent opportunity for Patrick to further increase our MH content, as we are increasingly optimistic about the future potential for growth in the MH market.”
Patrick will continue to operate Cana on a stand alone basis utilizing the existing facilities and the Cana brand name. ##
(Photo credit: insideindianabusiness)