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Patrick Industries acquires SeaDek

April 21st, 2021 / By: / Company News, Industry News, Marine

Patrick Industries Inc. announced that it has completed the acquisition of Hyperform Inc., a manufacturer of non-slip foam flooring, operating under the SeaDek brand name, for the marine OEM market and aftermarket. Hyperform also serves the pool and spa, powersports and utility markets under the SwimDek and EndeavorDek brands.

SeaDek operates out of two manufacturing facilities located in Rockledge, Fla. and Cocoa, Fla., 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, according to BoatingIndusty.com.