M&M News and Products
INVESTMENTS
Equity Firm Invests
in Alexandria Moulding
ndustrial Opportunity Partners facilities in Wilkes Barre, Pa., and La
IOP), an operations-focused pri- Porte, Ind.,that serve the Northeast is excited about the new partnership.
vate equity firm based in Evanston, and Midwest regions of the U.S. “The management team and I are
Ill., has partnered with the manage- IOP is partnering in its investment excited to partner with IOP,” he says.
Cholette says Alexandria Moulding
(
I
ment team of Alexandria Moulding with Andre Cholette, president and “IOP brings both capital and expe-
Inc. in an investment to support a CEO, and the rest of the Alexandria rience, which I believe will allow the
recapitalization of the business.
management team, all of whom will company to continue to grow and capi-
Alexandria is a manufacturer and have ownership interests and remain talize on opportunities.”
distributor of wood mouldings and in their current management roles
related millwork products for the to continue to grow the business. EXPANSIONS
Canadian and Northern U.S. resi- In addition, Dave Mackin, an IOP Woodgrain Millwork to
dential housing markets. The com- operating principal, will assume the Expand Virginia Facility
fami-
pany sells directly to retailers as position of chairman. Mackin is a
Woodgrain Millwork,
a
well as wholesale building product member of IOP’s board of operat- ly-owned and operated company
distributors and industrial custom- ing principals, which is comprised headquartered in Idaho, will expand
ers. The company is headquartered of seasoned executives who provide its door and window component man-
in Alexandria, Ontario, Canada and leadership to the businesses in which ufacturing facility in Smyth County,
has a manufacturing and distribu- IOP invests.
tion facility in Alexandria, along with “We are excited to partner with
Virginia, and add 17 new jobs.
Woodgrain Millwork will invest
a hardwood manufacturing opera- the Alexandria team,” says Ken $1.86 million in site improvements
tion in Bradford, Ontario that serves Tallering, senior managing director and equipment needed to build an
Eastern Canada. The company also of IOP. “We believe that Alexandria is 18,000-square-foot addition to its
has a manufacturing and distribution a growing business with an excellent mill in Marion, Va. The company’s
facility in Moxee, Wash., that serves reputation for quality and custom- primary products will be exterior
Western Canada and the Northwest er service and strong relationships door frames, brick mouldings and
U.S., as well as two other distribution with both customers and suppliers.
doorjambs.
EVENTS
National Millwork’s Texas
Operation Up and Running
National Millwork Inc., a commer-
cial and residential, door, hardware,
trim and specialties manufacturer/
distributor/contractor, has inaugurat-
ed a new production line for its recent
acquisition, Elite Door and Trim of
Denton, Texas.
“Now that the additional door line
is operational, this will enable us to
expeditiously service Texas custom-
ers, while additionally reducing our
distribution costs,” said CEO Otto
Nonnenmann. “This local Texas man-
ufacturing capability gives us the
confidence to more aggressively pur-
sue contracts outside of Texas, in the
southwestern region of the U.S.”
Plan to Attend
MMPA’s Summer
Meeting
The Moulding and Millwork
Producers Association will host its
summer meeting July 18-21 at the
Marriott Fallsview Hotel and Spa in
Niagara Falls, Ontario, Canada. The
Marriott Fallsview Hotel is perfectly
situated, offering breathtaking views
of Niagara Falls. After business is
completed each day, attendees may
opt to visit the local wineries, golf or
head out on a Hornblower Cruise to
experience Niagara Falls up close.
yy➤www.wmmpa.com
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