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BREAKING: Patrick Industries and Lippert reach final merger deal
WSBT • • business
Key Points:
- Patrick Industries and Lippert have reached a definitive merger agreement after previously ending talks two months ago.
- Under the deal, Patrick Industries shareholders will own 52% and Lippert shareholders 48% of the combined company.
- Patrick Industries CEO Andy Nemeth will lead the merged company, which is expected to be headquartered in Elkhart.
- Lippert CEO Jason Lippert recently stepped down, and the merger is anticipated to close by the first half of 2027.
- The companies aim to create value for customers, employees, shareholders, and communities through this merger.
