EVANSTON, Ill. -- Industrial Opportunity Partners, a private equity firm, has announced the acquisition of the assets of House of Fara, Inc. by IOP platform company Alexandria Moulding, Inc.
Alexandria is a manufacturer and distributor of wood mouldings and related millwork products for the Canadian and Northern U.S. residential housing markets.
Based in LaPorte, Ind., House of Fara specializes in the manufacturing of standard, decorative, and embossed hardwood mouldings, in addition to other specialty products. Alexandria and House of Fara have had a partnership for over a decade and operate from adjacent facilities in LaPorte.
Dave Mackin, chairman of Alexandria and an Operating Principal of IOP, added, "We believe the acquisition of House of Fara will further strengthen Alexandria's North American manufacturing capabilities and is a unique opportunity to combine two companies that have worked together for many years."
Alexandria sells directly to retailers as well as wholesale building product distributors and industrial customers. The company is headquartered in Alexandria, Ontario, and has a manufacturing and distribution facility in Alexandria along with a hardwood manufacturing operation in Bradford, Ontario, that serve Eastern Canada. The company also has a manufacturing and distribution facility in Moxee, Washington, that serves Western Canada and the Northwest U.S. as well as two other distribution facilities in Wilkes Barre, Pennsylvania. and La Porte See http://www.alexmo.com.
Alexandria Moulding is also one of the larger wood component manufacturers in the FDMC 300. See https://www.woodworkingnetwork.com/fdmc-300
IOP is an Evanston-based private equity firm with $910 million of committed capital since inception, is dedicated to creating value through investing in manufacturing and value-added distribution businesses with sales between $30 million and $350 million.