MDP-backed U.S. Lumber to buy IOP-backed Alexandria Moulding
U.S. Lumber LLC has agreed to acquire Alexandria Moulding, an Alexandria, Ontario-based maker and distributor of mouldings and accessories in Canada and the United States. Terms weren't released for the deal, which is expected to close in October. Alexandria Moulding will continue to be led by existing management, with President and CEO Andre Cholette joining U.S. Lumber's board. The company has been backed since 2016 by U.S. private equity firm Industrial Opportunity Partners (IOP). U.S. Lumber, an Atlanta-based distributor of building materials, secured an investment last year from U.S. private equity firm Madison Dearborn Partners (MDP).
15 August 2018•4 mins read
