Content about American Industrial Partners

April 28, 2014

Former Weyerhaeuser unit Northwest Hardwoods is reportedly up for sale again by American Industrial Partners, the same private equity firm that bought the company in 2011.

According to a report in the Wall Street Journal, American Industrial Partners has hired bankers at Goldman Sachs to market the company.

September 27, 2012

Armstrong World Industries has entered into an agreement to sell its cabinets business to American Industrial Partners for $27 million, according to a company announcement. Headquartered in The Colony, Texas, Armstrong’s cabinet division has a manufacturing facility in Thompsontown, Pa., and employs approximately 750 people. Sales in 2011 were $136 million, just under 5% of the company’s total sales. The unit had a loss in 2011 and had not been profitable since 2007.

August 2, 2011

Federal Way, Wash.-based Weyerhaeuser Co. has completed the sale of its hardwoods business to American Industrial Partners.

Total proceeds from the sale will be approximately $108 million.

Assets included in the transaction are located in Tuscumbia, Ala.; Elkhart, Ind.; Grand Rapids and Lewiston, Mich.; Brainerd, Minn.; Coos Bay, Eugene and Garibaldi, Ore.; Titusville, Pa.; Arlington, Centralia and Longview, Wash.; and Dorchester and Onalaska, Wis.

June 22, 2011

Weyerhaeuser is selling its hardwoods and industrial products business unit to American Industrial Partners (AIP).

AIP announced the "definitive agreement" Wednesday and said the deal should close in August.  The new business will operate as Northwest Hardwoods Inc., headquartered in Tacoma, Wash., with operations in the United States, Canada, China, Japan and Hong Kong.

June 21, 2011

Weyerhaeuser has entered into an agreement with American Industrial Partners (AIP), a private equity firm, to sell its worldwide hardwoods and industrial products business unit, for an undisclosed price. The future business will operate as Northwest Hardwoods, Inc., headquartered in Tacoma, Wash., with operations in the United States, Canada, China, Japan and Hong Kong. 

The transaction is expected to close in August of this year.