White Owl Family Office Ltd., in partnership with management team, has acquired Olon Industries from Huron Capital Partners. Financial terms were not disclosed.
Markham, Ontario based White Owl Family Office is a recently formed private Canadian investment company controlled by the McArthur and Carrick families.
“White Owl was impressed with Olon’s strong management team and the exciting future for the 5 piece door products and the continued success of all its other products. We see a great potential for the 5 piece door product as it continues to gain market share and acceptance throughout the USA. We also believe the Olon companies and its employees represent a valuable investment for us and we look forward to working with Olon management and visiting all of the facilities and employees,” said Barrie Brayford, COO of White Owl Family Investment Holdings Ltd., the investment company of The Miller and McAsphalt Industries Limited.
“We are very impressed with White Owl’s investment philosophy and entrepreneurial spirit which we feel is an excellent fit for Olon. We are confident that this partnership will bring prosperity and success of Olon and our partners,” said Don Hambly, President & CEO of Olon.
Olon Industries designs and manufactures an extensive range of innovative, integrated woodworking components for the North American furniture and cabinet-making industries.
Detroit, Michigan based Huron Capital Partners acquired Olon Industries in July 2007.
photo credit: Olon Industries