VANCOUVER, British Columbia–(BUSINESS WIRE)–April 18, 2022–
Metrie ®, the largest manufacturer and distributor of woodworking solutions in North America, today completed its acquisition of EL & EL Wood Products Corp (“EL & EL”), the leading two-step distributor of moldings, millwork and door products in the southwestern United States. .
“We are thrilled to complete the acquisition and officially welcome the EL&EL team to the Metrie family. We are better together,” commented Kent Bowie, President and CEO, Metrie. “We share the same close-knit, people-focused, customer experience-driven culture. This, combined with our strong operational capabilities in manufacturing and distribution, positions us well for continued growth in the woodworking industry.
“We want our existing customers, suppliers and other stakeholders in the South West to know that this transaction will not change our customer excellence mindset. To illustrate this continuity of service, for the foreseeable future, the South West company will carry both the Metrie and EL&EL names,” Mr. Bowie continued.
The Metrie EL&EL business in the Southwest will continue to be managed by Lincoln Orellana, Regional Manager, California, who has served as an EL&EL executive for 9 years. He commented: “I am thrilled with what both teams can accomplish to support our customers and continue to lead the South West market in service, product range and reliability. I’m sure I speak for nearly 400 colleagues when I say we’re better together; and proud to be Metrie EL & EL.
“We now have a strong presence in all strategic markets in Canada and the United States; and we continue to grow. For family businesses looking for financial and ownership options in a consolidating market, such as EL & EL Wood Products, Metrie can be a friendly partner of choice,” concluded Mr. Bowie.
Fort Capital Partners acted as exclusive financial advisor and Stoel Rives LLP acted as legal advisor to Metrie.
Fifth Third Securities acted as exclusive financial advisor and Best Best & Krieger LLP acted as legal advisor to EL & EL Wood Products.
For nearly 100 years, Metrie has helped people transform their homes with high quality millwork products. Metrie’s story began in 1926 as a small family business in Vancouver, C. with distribution centers across the United States and Canada. Metrie has grown over the past nine decades to become the largest manufacturer of MDF moldings in North America. For more information, please visit www.Metrie.com or visit us on social media: LinkedIn, Facebook, instagram, Twitter, pinterest, Youtube and Houzz.
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Jonathan Anthony, Director, Communications Corp. |[email protected]| 604-374-3240
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA CANADA
INDUSTRY KEYWORD: ARCHITECTURE SPECIALTY FOREST PRODUCTS RESIDENTIAL BUILDING & REAL ESTATE COMMERCIAL BUILDING & REAL ESTATE NATURAL RESOURCES CONSTRUCTION & PROPERTY OTHER MANUFACTURING BUILDING SYSTEMS MANUFACTURING RETAIL INTERIOR DESIGN
Copyright BusinessWire 2022.
PUBLISHED: 04/18/2022 07:00 / DISK: 04/18/2022 07:02
Copyright BusinessWire 2022.