Component product manufacturer Patrick Industries has completed its acquisition of Medallion Plastics, and has expanded its existing credit facility from $360m to $450m. The company will use the new capital to expand production capacity in Australia for a range of products including automotive parts, industrial adhesives, packaging materials and other related products.
Component product manufacturer Patrick Industries has completed its acquisition of Medallion Plastics, and has expanded its existing credit facility from $360m to $450m. The total cash consideration paid for Medallion was approximately $10m.