Industrial Opportunity Partners acquires Coldwater Veneer
15 September 2015Industrial Opportunity Partners (IOP) has acquired the assets of Coldwater Veneer Inc and its subsidiary West Point Veneer LLC in partnership with the current management team and owners. Terms of the transaction were not disclosed at the time of going to Press.
IOP is partnering in its investment with Dean Calhoun and Dave Counterman, along with their experienced team of veneer industry veterans. Messrs Calhoun and Counterman will serve as ceo and president, respectively, following the acquisition.
IOP operating principal Phil Fioravante has assumed the role of chairman. Mr Fioravante is a member of IOP's Board of Operating Principals, which is comprised of experienced executives who provide leadership to the businesses in which IOP invests.
Coldwater is a manufacturer of specialty hardwood veneer for the global marketplace including end markets such as building products, furniture, home furnishings and automotive markets.
