U.S. Lumber Acquires Alexandria Moulding

October 11th, 2018 by Drew Vass, Executive Editor

Industrial Opportunity Partners (IOP) recently announced it completed the sale of portfolio company Alexandria Moulding to U.S. Lumber Group (USL). This marks the IOP’s fourth investment realization from its $275 million second fund. The terms of sale were not disclosed.

Alexandria Moulding, acquired by IOP in April of 2016, is an Ontario, Canada based supplier of mouldings and millwork to residential markets in North America. The company operates six manufacturing facilities and four distribution centers.

“I believe Alexandria Moulding’s leadership team and its employee base have worked hard to bring value to its customers through excellent customer service, a focus on 100% fill rates and a wide selection of quality products, and I believe the Company is well positioned for its future under USL’s ownership,” says David Mackin, IOP operating principal and former chairman of Alexandria Moulding’s board.

“We are excited for the combination of Alexandria Moulding with USL, and we believe that both businesses will benefit from the significant expansion in scale, product line and depth of customer and supplier relationships,” says Kyle Hood, director of IOP. “We would like to thank the outstanding management team of the Company led by President Andre Cholette and wish them continued success in the future.”

“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,” adds Andre Cholette, president of Alexandria Moulding.

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