M&A Deal Summary

Quanex Building Products Acquires Woodcraft Industries

On August 31, 2015, Quanex Building Products acquired forest products company Woodcraft Industries from Olympus Partners and Norwest Mezzanine Partners for 249M USD

Acquisition Highlights
  • This is Quanex Building Products’ 1st transaction in the Forest Products sector.
  • This is Quanex Building Products’ largest (disclosed) transaction.
  • This is Quanex Building Products’ 12th transaction in the United States.
  • This is Quanex Building Products’ 2nd transaction in Minnesota.

M&A Deal Summary

Date 2015-08-31
Target Woodcraft Industries
Sector Forest Products
Buyer(s) Quanex Building Products
Sellers(s) Olympus Partners
Norwest Mezzanine Partners
Deal Type Add-on Acquisition
Deal Value 249M USD

Target

Woodcraft Industries

St. Cloud, Minnesota, United States
website
Woodcraft Industries, Inc. is a provider of doors and components to original equipment manufacturers ("OEMs") in the kitchen and bathroom cabinet industry.

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Buyer(S) 1

Buyer

Quanex Building Products

Houston, Texas, United States

website


Category Company
Founded 1927
Sector Building Materials
Employees3,767
Revenue 1.2B USD (2022)
DESCRIPTION

Quanex Building Products is a manufacturer of engineered materials, components and systems serving the U.S. residential window and door markets. It is a ROIC-driven company that grows shareholder returns through a combination of organic growth via new products and new programs, and strategic acquisitions. Quanex Building Products was founded in 1927 and is based in Houston, Texas.


DEAL STATS #
Overall 13 of 14
Sector (Forest Products) 1 of 1
Type (Add-on Acquisition) 11 of 12
State (Minnesota) 2 of 2
Country (United States) 12 of 13
Year (2015) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-16 HL Plastics

Denby, United Kingdom

HL Plastics Ltd. is a designs and manufactures PVCu extrusions.

Buy $145M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 LMI Custom Mixing

Cambridge, Ohio, United States

LMI Custom Mixing is a state-of-the-art custom polymer mixer focuses on advanced methods for mixing rubber compounds for the most demanding applications across a range of industries, including building products, automotive and wire and cable. LMI Custom Mixing is based in Cambridge, Ohio.

Buy $92M

Seller(S) 2

SELLER

Olympus Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1988
PE ASSETS 8.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $50 to $300 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.


DEAL STATS #
Overall 32 of 46
Sector (Forest Products) 1 of 1
Type (Add-on Acquisition) 16 of 22
State (Minnesota) 1 of 1
Country (United States) 29 of 43
Year (2015) 5 of 7
Size (of disclosed) 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 PLZ Aeroscience

Downers Grove, Illinois, United States

PLZ Aeroscience is a specialty aerosol product manufacturing company. It specializes in the development, manufacturing, packaging, and distribution of a comprehensive line of contract fill, brand, and private label products. PLZ Aeroscience was established in 1939 and is based in Downers Grove, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-10 Encore Group

Schiller Park, Illinois, United States

Encore Group engages in event experiences, providing creative, production, advanced technology and staging services to help meeting planners deliver more dynamic and impactful experiences at their meetings, trade shows and special events. It is the trusted partner and exclusive on-site provider of choice at leading venues worldwide. Encore Group is headquartered in Schiller Park, Illinois.

Sell -
SELLER

Norwest Mezzanine Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Norwest Mezzanine Partners (NMP) is an independent investment firm focused on providing junior capital to support transactions initiated by private equity sponsors. NMP looks to commit up to $50 million per investment. Prospective transaction situations can include buyouts, acquisitions, leveraged buildups or consolidations, recapitalizations, and going privates. NMP will consider opportunities in a wide range of industries, including distribution, manufacturing, healthcare, and consumer products. Norwest Mezzanine Partners is affiliated with private equity firm Norwest Equity Partners. NMP was formed in 2000 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 32 of 53
Sector (Forest Products) 1 of 1
Type (Add-on Acquisition) 13 of 26
State (Minnesota) 3 of 4
Country (United States) 31 of 51
Year (2015) 2 of 5
Size (of disclosed) 10 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-31 PLZ Aeroscience

Downers Grove, Illinois, United States

PLZ Aeroscience is a specialty aerosol product manufacturing company. It specializes in the development, manufacturing, packaging, and distribution of a comprehensive line of contract fill, brand, and private label products. PLZ Aeroscience was established in 1939 and is based in Downers Grove, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-02 OTC Industrial Technologies

Columbus, Ohio, United States

OTC Industrial Technologies is an industrial equipment service provider and distributor of highly engineered products including motion control, pumps, finishing products, robotics, motors and air compressors. OTC serves over 13,000 customers across diverse end-markets, providing highly technical sales consultation and aftermarket repair and services. OTC Industrial Technologies was founded in 1963 and is based in Columbus, Ohio.

Sell -