When to use builder design pattern

Is builder design pattern is the right one to create itemBrowsePanel object? this object needs 2 others objects (iconBrowsePanel,textBrowsePanel) in order to be ready to use, as follows:

    HTMLPanel itemBrowsePanel=new HTMLPanel("");

    HTMLPanel iconBrowsePanel=new HTMLPanel("");        

    HTMLPanel textBrowsePanel=new HTMLPanel("");

    HTMLPanel titlePanel=new HTMLPanel(titlePanelText);     

    HTMLPanel subTitlePanel=new HTMLPanel(subTitlePanelText+" "+panelName);

    textBrowsePanel.add(titlePanel);
    textBrowsePanel.add(subTitlePanel);

    itemBrowsePanel.add(iconBrowsePanel);
    itemBrowsePanel.add(textBrowsePanel);

if builder design pattern is the right one, is it applicable to pass arguments to any object on creation in order to construct other objects ?