Apr 09, 2008. /Lesprom.com/. H.I.G. Capital announces the acquisition by its affiliate of Linden Lumber Company, Ltd., a leading manufacturer of Southern hardwoods including red oak, white oak and ash with vertically-integrated operations in procurement, sawmills, kiln-drying and logistical support.
H.I.G. Capital announces the acquisition by its affiliate of Linden Lumber
Apr 09, 2008. /Lesprom.com/. H.I.G. Capital announces the acquisition by its affiliate of Linden Lumber Company, Ltd. Headquartered in Linden, AL, the Company is a leading manufacturer of Southern hardwoods including red oak, white oak and ash with vertically-integrated operations in procurement, sawmills, kiln-drying and logistical support.
Founded in 1955 the Company supplies products for custom cabinetry, furniture, molding, and flooring applications under the “Red Crown” brand. With excess of 3 million board feet of kiln capacity and over 80 million board feet of production capacity, it is one of the largest hardwood sawmill facilities in the Southern US.
Linden is H.I.G. Capital’s fourth acquisition in the sector, following the formation of American Hardwood Industries (“AHI”) through the simultaneous acquisitions of Rossi American Hardwoods and Hardwood Lumber Manufacturing, in October 2007 and recapitalization of Augusta Lumber in December 2006. Ted Rossi, CEO of AHI co-invested in the deal with H.I.G. and as Chairman will provide post-deal oversight.
