SPRINGFIELD, Ore. – Rosboro, a producer of forest products including veneer and laminated beams, has been sold to Wynnchurch Capital, a private equity investment firm based in Rosemont, Illinois. Rosboro runs seven manufacturing facilities in Oregon.
Rosboro made public its intentions to enter a process to explore strategic alternatives last April, including a potential sale of the company by the end of 2016.
The sale comes after Rosboro separately sold 95,000 acres of timberland to an investment group managed by Portland-based Campbell Global. Goldman, Sachs & Co. served as exclusive financial advisor to Rosboro on the sale of both the company’s timberlands and its manufacturing business.
Wynnchurch Capital owns 19 companies, according to its website, including manufacturing, building materials, and transportation firms.
“We are very pleased that Wynnchurch Capital has acquired the business.” said Rosboro CEO Scott Nelson. “Wynnchurch has an outstanding reputation for supporting growth and providing management teams with strategic guidance that fits perfectly into the company’s focus for the future.”
“We are excited to partner with the management team of Rosboro to continue the company’s track record of customer service, quality and innovation,” said Ian Kirson, Wynnchurch partner.