Wood products manufacturer Rosboro of Springfield on Tuesday announced that it has sold its manufacturing business to Wynnchurch Capital, an Illinois-based investment firm. The sale for an undisclosed amount involves seven manufacturing plants in Oregon, including Rosboro’s main facility at South 28th and Main streets in Springfield.
Wynnchurch Capital, based in Rosemont, Ill., describes itself as a “value-oriented, operationally focused private equity firm that specializes in complex transactions in the U.S. and Canada.”
Last month, Rosboro announced that it had sold its 95,000 acres of timberlands to an investment group managed by Campbell Global, a Portland-based investment firm. Rosboro also declined to disclose the sale price of that deal. Wynnchurch Capital owns 19 companies, according to its website, including manufacturing, building materials and transportation firms.
In a joint press release with Rosboro, Wynnchurch Partner Ian Kirson said, “We are excited to partner with the management team of Rosboro to continue the company’s track record of customer service, quality and innovation. Rosboro has a bright future, and we look forward to supporting the company’s growth.”
Rosboro Chief Executive Scott Nelson said, “Wynnchurch has an outstanding reputation for supporting growth and providing management teams with strategic guidance that fits perfectly into the company’s focus for the future.”
From The Register-Guard: http://registerguard.com/rg/news/local/35063438-63/rosboro-in-springfield-announces-sale-of-wood-products-plants.html.csp#
For further information log on website :
http://www.panelworldmag.com/oregons-rosboro-announces-sale-wood-products-plants/
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