Patrick Industries Acquires SeaDek Marine Flooring
Elkhart, IN, April 13, 2021-Patrick Industries has completed the acquisition of SeaDek/Hyperform Inc., a manufacturer of non-slip foam flooring for the marine OEM market and aftermarket.
Hyperform also serves the pool and spa, powersports and utility markets under the highly complementary brands of SwimDek and EndeavorDek.
SeaDek operates out of two manufacturing facilities located in Rockledge, Florida and Cocoa, Florida, which possess full marketing, laboratory, prototyping, and research and development capabilities. SeaDek had full-year 2020 revenues of approximately $25 million, and the company expects the acquisition to be immediately accretive to net income per share.