Patrick Industries buys Hyperform, maker of SeaDek nonslip foam flooring

Publicly traded recreational vehicle and marine sector supplier Patrick Industries Inc. has made another plastics-related acquisition.

The Elkhart, Ind.-based company announced April 12 that it has purchased Hyperform Inc., a manufacturer of nonslip foam flooring sold under the SeaDek brand name.

SeaDek is UV-resistant closed-cell polyethylene/EVA foam used on boat surfaces because it does not absorb water and provides traction when wet or dry. Hyperform also serves the pool and spa, powersports and utility markets.

SeaDek has manufacturing facilities in Rockledge and Cocoa, Fla., and posted 2020 sales of about $25 million, according to a news release from Patrick Industries. Terms were not disclosed.

Patrick Industries will continue to operate SeaDek on a stand-alone basis under its brand names in its existing facilities, the company said.

Kurt Wilson, CEO of SeaDek, said: "My brother Jim and I, along with the rest of the SeaDek team, are pleased to join the Patrick family and continue the legacy of SeaDek after nearly four decades as a family-owned business."

This is the second plastics acquisition this year for Patrick Industries. On March 15, the company acquired Everett, Wash.-based Sea-Dog Corp., a distributor of marine and powersports products and accessories with a sister injection molding company, Sea-Lect Plastics.

Patrick Industries, which was founded in 1959, posted sales of $2.5 billion for 2020 with 8,700 employees at 170 production and distribution facilities serving the recreational vehicle and manufactured housing markets in addition to marine.