LEBABON, PA - One of the largest regional hard lumber firms, 300-employee Weaber, Inc., has been acquired by Resilience Capital Partners, a Cleveland, OH-based private equity firm.
Weaber is Resilience's second acquisition in the lumber area. It acquired Taylor Lumber in 2010 in an effort to build up investments focused on niche building supplies.
"The Weaber acquisition effectively complements the strengths of Taylor Lumber by broadening the merged companies' product mix and produces key operational and sales and marketing synergies." said Ki Mixon, a principal at Resilience.
Founded in 1941, Weaber, Inc. operates kilns and moulding machines at its site. Lumber products include Surfaced Four Sides boards, flooring and moulding products which consist of a variety of lumber species including oak, poplar and maple. Weaber, Inc. lumber products, which also include kiln-dried random width lumber, stair parts, finger jointed products, and edge-glued products, are sold nationally and abroad.
"[Resilience] came into a difficult situation with our bank group and quickly provided both financial and operational stability during an extremely challenging time in the lumber industry," said company president Matt Weaber in an announcement of the sale.
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