Market: Wood processing
Posted October 19, 2018
Industrial Opportunity Partners ("IOP"), an operations-focused private equity firm based in Evanston, Illinois, has completed the sale of portfolio company Alexandria Moulding to U.S. Lumber Group, a distributor of specialty building products in North America. Terms of the transaction were not disclosed. IOP acquired Alexandria Moulding in April 2016, as the company said in the press release received by Lesprom Network.
IOP Operating Principal David Mackin served as Alexandria Moulding’s Chairman of the Board, providing strategic oversight of the Company during IOP’s investment period.
Andre Cholette, President of Alexandria Moulding, noted, "We have had tremendous success and a great partnership with IOP, and it is a natural progression for Alexandria Moulding to find a strategic partner with a similar business model and set of core values."
Alexandria Moulding is a manufacturer and distributor of wood mouldings and related millwork products for the Canadian and Northern U.S. residential housing markets.