Wholesale wood products distribution company Aetna Plywood acquires Forest Products division of St. Croix Valley Hardwoods, in White Bear Lake, Minnesota
Wendy Lisney
MINNEAPOLIS
,
November 2, 2011
(press release)
–
Quazar Capital Corporation is pleased to announce that their client, St. Croix Valley Hardwoods, has sold its distribution division, Forest Products, to Aetna Plywood.
St. Croix Valley Hardwoods has an established history of producing and distributing top quality wood products for its customers in the custom cabinet, furniture, commercial fixtures and woodworking trades. St. Croix's Valley Hardwoods Forest Products division, based in White Bear Lake, Minnesota, distributes products to customers in the four-State region. St. Croix Valley Hardwoods' Luck, Wisconsin, facilities are not included in the transaction.
"The sale of the Forest Products division to Aetna was a good fit for both parties. I'm now able to fully concentrate on my Luck operation and this is a good addition for Aetna," said Gordy Fick, President at St. Croix Valley Hardwoods.
Aetna Plywood is a leading wholesale wood products distribution company with nearly 75 years in business. The Forest Products division of St. Croix Valley Hardwoods is a strategic addition as it allows Aetna to broaden its market reach to the greater Minneapolis and Saint Paul, Minnesota, metropolitan areas.
"The St. Croix Valley Hardwoods Forest Products division has, for over 25 years, built a reputation for providing exceptional products and services, making it the perfect complement for Aetna Plywood," said Jon Minnaert, Vice President at Aetna Plywood.
The Forest Products division will be re-branded as Aetna Plywood.
No further details are available.
Quazar Capital Corporation is a Minnesota-based private Investment Banking firm that specializes in Mergers and Acquisitions (M&A), Debt Placement, Financial Advisory, and Exit Strategy services.
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