
Four years after Thor subsidiary Aixcel bought Elkhart Composites, Airxcel has sold the composite materials supplier.
Patrick Industries acquired Elkhart Composites, Inc., based in Elkhart, Indiana. The acquisition brings composite RV sidewall and ceiling products to Patrick Industries’ portfolio.
Patrick CEO Andy Nemeth said, “We are excited about the opportunity to further partner with Thor as we expand Patrick’s own high-quality composite panel solutions to our markets.”
Elkhart Composites makes composite material panels under the Elkboard brand. When Airxcel acquired the company in 2021, Thor Industries President and CEO Bob Martin cited the difficulty in sourcing lauan wood in 2021 as a reason for the purchase. He said Elkboard manufacturing featured strict quality controls, providing a consistency level lauan-based products could not match.
Airxcel’s then-President and CEO Jeff Rutherford said at the time that Elkboard was a great fit with Airxcel. Elkhart Composites founder John Petrofsky said soaring Elkboard demand led him to find a partner to help expand production.