Stamford, Connecticut-based Olympus Partners is pleased to announce the sale of Woodcraft Industries, Inc. to Quanex Building Products Corporation. Woodcraft is a leading provider of hardwood and engineered wood doors and components to kitchen and bath cabinet manufacturers. With 13 production facilities and four distribution locations throughout the U.S., Canada and Mexico, Woodcraft offers unmatched product breadth and best-in-class customer service.
“Olympus has been a great partner to Woodcraft, supporting growth initiatives, operational improvements and broadening our product offering. They have helped to position us well for continued growth as industry tailwinds accelerate,” commented Dale Herbst, CEO of Woodcraft. Dave Cardenas, a partner at Olympus, also commented that “Dale and his strong team at Woodcraft have shown a great ability to outperform the market in all phases of the industry cycle. We have truly enjoyed our time working with the Woodcraft team, and look forward to their continued success with Quanex.”
Founded in 1988, Olympus Partners is a private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus is an active, long-term investor across a broad range of industries, including restaurants, consumer products, healthcare services, financial services and business services. Olympus manages in excess of $5.5 billion on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs.
The Olympus team included Dave Cardenas, David Haddad and Robby Polakoff. Woodcraft was represented in the sale by Harris Williams & Co. Legal advisors were Kirkland and Ellis.