RV component suppliers LCI Industries (Lippert) and Patrick Industries announced on May 4 that they have ended discussions about a potential merger of equals. The parties could not reach mutually acceptable terms for the deal, although they had reportedly agreed on leadership and a strategic plan for the combined company. Talks were confirmed on April 17 but without assurance of a final agreement. Both companies are based in Elkhart, Indiana, the RV capital, and supply products to Winnebagoⓘ Industries and Thor Industries.
In Brief
LCI Industries and Patrick Industries announced on May 4 that they have terminated discussions regarding a potential merger of equals, failing to agree on key terms.