Patrick Industries, Inc. (NasdaqGS:PATK) signed a definitive agreement to acquire Rockford Corporation (OTCPK:ROFO) on February 24, 2022. Following closing, Rockford will continue its operations as a wholly owned subsidiary of Patrick in its existing facility in Tempe, Arizona. The transaction is expected to close on March 7, 2022.

Patrick Industries, Inc. (NasdaqGS:PATK) completed the acquisition of Rockford Corporation (OTCPK:ROFO) for approximately $130 million on March 7, 2022.