Patrick Industries announced it has completed the acquisition of Diamondback Towers, which does business as Diamondback Marine, a Cocoa, Fla.-based manufacturer of premium wakeboard/ski towers and accessories for marine OEMs.
“We are thrilled to welcome Diamondback Marine to the Patrick family,” said Andy Nemeth, CEO of Patrick. “Diamondback’s industry relationships, standards for quality and service, and engineering and design capabilities are an ideal fit with our full solutions model and strong brand portfolio. Diamondback’s vision also aligns well with our capacity expansion plans and automation strategies. As with previous acquisitions, we will provide a financial and operational foundation that will allow Diamondback Marine to continue to capitalize on its core competencies.”
The business will continue to operate on a stand-alone basis under the Diamondback Marine name in its existing facility.