Resilience Capital Partners, a Cleveland-based private equity firm, recently announced the completion of the acquisition of Weaber, Inc., a leading hardwood lumber mill.
Founded in 1941, Weaber, Inc. is one of the nation’s leading hardwood lumber producers. The company is headquartered in Lebanon, PA and employs over 300 people. Weaber’s products include surfaced four sides, “S4S”, boards, flooring and moulding products, which consist of a variety of lumber species including oak, poplar and maple. The company’s products are sold throughout the United States and internationally.
Resilience was able to negotiate a letter of intent and close successfully in a short amount of time. Company President Matt Weaber stated that “Resilience has been a great partner to work with. They came into a difficult situation with our bank group and quickly provided both financial and operational stability during an extremely challenging time in the lumber industry.”
“We are excited about acquiring a well-regarded market leader such as Weaber and look forward to writing a new chapter of growth in the company’s proud 70+ year history under Matt’s leadership,” said Ki Mixon, a Principal at Resilience.