Novo Building Products acquires L.J. Smith, Inc.
ZEELAND, Mich. — Novo Building Products, a supplier of moulding, stair parts, doors and specialty millwork to lumberyards, home centers, specialty millwork shops, and stair builders east of the Rockies and Canada, has acquired L.J. Smith, Inc. Terms of the transaction were not disclosed. Novo is owned by an affiliate of Blue Wolf Capital Fund III, L.P.
L.J. Smith is a 133-year old, privately-held company producing stair parts.
Tom Highley, CEO of Novo Building Products, said, “This is a highly strategic add-on for Novo. L.J. Smith has long been considered the preeminent stair parts business in the industry. The company offers our customers stair part manufacturing and distribution capabilities on a national scale and supports our vision of becoming the leading millwork supplier in North America.”
“We welcome the team at L.J. Smith to the Novo family and believe this combination will strengthen both organizations” said Michael Ranson, a Partner at Blue Wolf. “Blue Wolf prides itself on helping businesses grow by creating value – adding the industry leader in stair parts and expanding to a national footprint positions Novo for continued value creation and success.”
Source: LBM Journal Lumber Partner Post