Royal Woodworking Company, Ltd.
has been acquired by
Moulure Alexandria Moulding, Inc.
Corporate Finance Associates
March 30, 2012 (Toronto, Ontario) - Alexandria Moulding Inc., a leading manufacturer and distributor of mouldings and related millwork products, today announced that they have acquired Royal Woodworking Co. Ltd. of Bradford Ontario, a family owned company founded in 1976 by the Rowe and Gerrits families specialized in manufacturing Hardwood solid and custom mouldings, boards and stair components. Royal Woodworking was represented by CFA Toronto. Terms of the transaction were not disclosed.
President of Alexandria Moulding, Andre Cholette, stated, “This partnership solidifies our hardwood supply and product offering. Royal has a strong specialized team and is a cultural fit. We will leverage each other’s strengths to further enhance the value we bring to our customers”.
Royal Woodworking will operate as a standalone business unit providing their customers with a large selection of quality millwork products as well as leveraging Alexandria’s logistics and sales network to grow their geographical coverage, while providing unparalleled support and service.
Donna Gerrits, General Manager Royal Woodworking’s, stated “We have been business partners with Alexandria Moulding for over a decade. Through our discussions with Alexandria Moulding, we believe their values and approach to business matches ours. Our hardwood and custom moulding capabilities is a natural extension of Alexandria’s existing business. We see significant growth potential and opportunities for our combined business and people.”
Aurora Timberland, an Ontario based wholesale lumber distributer, in business for 23 years, is also part of the acquisition. Timberland will continue to operate as a standalone business with the founder Ted Rowe staying on board. As Mr. Rowe states, “it will be business as usual for us as we continue to supply the market with quality hardwood lumber in lifts or truck load quantities”.
About Corporate Finance Associates
Corporate Finance Associates is one of the top ten investment banks in North America. To date in 2012, CFA has completed 12 mid-market M&A transactions. Founded in 1956, it has 20 offices in North America and 14 affiliates in Europe, Asia and South America. Since it’s founding, CFA has completed more than 5,000 transactions.
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