Patrick Industries, Inc. Completes Acquisitions of Sigma Wire International, LLC and KRA

Patrick Industries, Inc. has announced that it has completed the acquisitions of the business and certain assets of Sigma Wire International, LLC, headquartered in Elkhart, Indiana, and KRA International, LLC, headquartered in Mishawaka, Indiana. Sigma is a manufacturer of a wide range of PVC insulated wire and cable products primarily for the recreational vehicle ("RV") and marine markets. KRA, which operates primarily in the RV and industrial markets, is a manufacturer of wire harnesses and associated assemblies for RVs, commercialvehicles, lawn care equipment, marine products, the defense industry, and automotive aftermarket products.

The Company projects the combined 2016 revenues of Sigma and KRA to be approximately $21 million. The total cash consideration paid for these two acquisitions was approximately $25 million.  The Company expects the acquisitions to be accretive to 2017 net income per share.

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