Furthermore, Hardwoods Holdings, Inc., is 84.4% owned by affiliates of Littlejohn & Co., LLC, 9.7% owned by Forest Field Limited & 5.9% owned by Current and Former Directors and Officers. Northwest Hardwoods Inc. (NWH) has recently completed the acquisition of Industrial Timber & Lumber Company (ITL) based in Beachwood, Ohio. Business Info. 'dimension9': '197359' Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. They can be contacted via phone at (256) 248-0401 for pricing, hours and directions. Northwest Hardwoods, Inc. manufactures and distributes wood products. Northwest Hardwoods is represented by Gibson, Dunn & Crutcher LLP and Young Conaway Stargatt & Taylor, LLP as legal co-counsels and Huron Consulting Group as financial advisor. Mary Beth Hainey. Northwest Hardwoods, Inc. operates the largest and most efficient network of hardwood sawmills in North America together with concentration yards and distribution centers that service global end markets including: furniture, cabinetry, flooring, … Over the years, the company has steadily grown and expanded to become one of the largest manufacturers of hardwood lumber in North America. ", Richard Hoffman, Partner at American Industrial Partners, said, "We are grateful to have had the opportunity to partner with an extraordinary management team led by TJ Rosengarth in our carve-out of NWH from Weyerhaeuser Company three years ago. Northwest Hardwoods is one of the largest timber and panel suppliers in the U.S. By coincidence, they’re also one of our biggest lumber providers for solid wood flooring. Search for other Hardwoods in Tuscumbia on The Real Yellow Pages®. Upon resolution, the secured noteholders will convert their approximate US$ 379 million of secured notes into US$ 110 million of new exit term loans and 99% of the equity in reorganized Northwest Hardwoods (subject to dilution by a management incentive plan). Hardwood Lumber Buyer at Northwest Hardwoods. Northwest Hardwoods laid off more than 40 employees at its Longview mill in the wake of the company’s struggle to secure a steady supply of raw materials. 'dimension2': 'Press Releases', The Company offers hardwood, plywood and lumber products. All Rights Reserved. NWH is headquartered in Tacoma, WA and has operations in the United States, Canada, China, and Japan. Northwest Hardwoods serves customers in the United States. NWH is also one of North America's largest importers of tropical hardwood lumber and hardwood plywood panels and operates a global distribution network to deliver a full complement of hardwood products to over 1,660 customers worldwide. Sovereign Wealth Fund Institute® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. It sells more than 200 million bf of hardwood lumber annually and has approximately 400 employees. AIP has deep roots in the industrial economy and has been active in private equity investing since 1989. ]]> We are excited to be working with Littlejohn.". ITL is one of the largest global suppliers of North American hardwood. gtag('config', 'UA-1658554-11', { Northwest Hardwoods, Inc. (NWH) reports it has entered into a restructuring support agreement (RSA) with holders of more than 95% in principal amount of the company’s secured notes and certain of its existing equity holders to execute a transaction that will reduce the company’s debt by $270 million and position NWH for future growth and success. Northwest Hardwoods is the largest United States manufacturer of North American hardwood lumber based on sawmill capacity. jQuery.extend(Drupal.settings, {"basePath":"\/","pathPrefix":"","ajaxPageState":{"theme":"vance_woodworkingnetwork","theme_token":"IR_hCC-9DEDIAzZZh7hWWs0kebnssQQzp440sd2WQZ0","js":{"0":1,"1":1,"2":1,"\/\/ajax.googleapis.com\/ajax\/libs\/jquery\/1.7.2\/jquery.min.js":1,"3":1,"misc\/jquery-extend-3.4.0.js":1,"misc\/jquery-html-prefilter-3.5.0-backport.js":1,"misc\/jquery.once.js":1,"4":1,"5":1,"6":1,"7":1,"misc\/drupal.js":1,"sites\/all\/modules\/custom\/vance_more\/js\/vance_more_load_more.js":1,"sites\/all\/modules\/contrib\/apachesolr_sort\/apachesolr_sort.js":1,"sites\/all\/modules\/contrib\/formalize\/lib\/javascripts\/jquery.formalize.min.js":1,"sites\/all\/modules\/custom\/vance_video_players\/js\/vancePlayer.js":1,"https:\/\/jwpsrv.com\/library\/sGZ9VMDuEeOH7SIACi0I_Q.js":1,"sites\/all\/modules\/patched\/disqus\/disqus.js":1,"8":1,"https:\/\/apis.google.com\/js\/plusone.js":1,"sites\/all\/themes\/base\/js\/picturefill.min.js":1,"sites\/all\/themes\/base\/js\/imagesLoaded\/imagesloaded.pkgd.min.js":1,"sites\/all\/themes\/base\/js\/masonry\/dist\/masonry.pkgd.min.js":1,"sites\/all\/themes\/base\/js\/jquery.simplemodal.1.4.4.min.js":1,"sites\/all\/themes\/base\/bootstrap\/assets\/javascripts\/bootstrap\/tab.js":1,"sites\/all\/themes\/base\/js\/modernizr.custom.71422.js":1,"sites\/all\/themes\/base\/js\/flexibility.js":1,"sites\/all\/themes\/base\/js\/base.js":1,"9":1},"css":{"modules\/system\/system.base.css":1,"modules\/system\/system.menus.css":1,"modules\/system\/system.messages.css":1,"modules\/system\/system.theme.css":1,"modules\/comment\/comment.css":1,"sites\/all\/modules\/contrib\/date\/date_api\/date.css":1,"sites\/all\/modules\/contrib\/date\/date_popup\/themes\/datepicker.1.7.css":1,"sites\/all\/modules\/contrib\/date\/date_repeat_field\/date_repeat_field.css":1,"sites\/all\/modules\/contrib\/domain\/domain_nav\/domain_nav.css":1,"modules\/field\/theme\/field.css":1,"sites\/all\/modules\/contrib\/formalize\/lib\/stylesheets\/formalize.css":1,"sites\/all\/modules\/contrib\/logintoboggan\/logintoboggan.css":1,"modules\/node\/node.css":1,"modules\/poll\/poll.css":1,"modules\/search\/search.css":1,"modules\/user\/user.css":1,"sites\/all\/modules\/contrib\/views\/css\/views.css":1,"sites\/all\/modules\/contrib\/ctools\/css\/ctools.css":1,"http:\/\/cf.kampyle.com\/k_button.css":1,"sites\/all\/modules\/custom\/vance_listings\/css\/vance_listings.css":1,"sites\/all\/themes\/base\/styles\/stylesheets\/print.css":1,"sites\/all\/themes\/base\/bootstrap\/assets\/stylesheets\/bootstrap.css":1,"sites\/all\/themes\/vance_woodworkingnetwork\/styles\/stylesheets\/woodworkingnetwork-modules.css":1,"https:\/\/fonts.googleapis.com\/css?family=Crimson+Text:400,600,700":1}},"urlIsAjaxTrusted":{"\/wood-market-trends\/woodworking-industry-trends-press-releases\/Investment-Firm-Buys-Northwest-Hardwoods-Inc-267697961.html":true},"disqus":{"domain":"woodworkingnetwork","url":"https:\/\/www.woodworkingnetwork.com\/wood-market-trends\/woodworking-industry-trends-press-releases\/Investment-Firm-Buys-Northwest-Hardwoods-Inc-267697961.html","title":"Investment Firm Buys Northwest Hardwoods Inc","identifier":"node\/197359","token":"a4d4c6276dc5ff5a8219f49b1f22d58d","callbacks":{"onNewComment":["Drupal.disqus.notifyAuthor","Drupal.disqus.notifyAuthor"]}}}); AIP was advised by Baker Botts and Goldman, Sachs & Co. About Littlejohn & Co., LLCLittlejohn & Co. is a Greenwich, Connecticut-based private equity firm investing in middle-market companies that are undergoing a fundamental change in capital structure, strategy, operations or growth that can benefit from its operational and strategic approach. gtag('config', 'AW-799896374'); //--> attorney leads with email and phone numbers, Backed by Littlejohn and CITIC Capital Partners, Northwest Hardwoods Filed for Bankruptcy. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. 'dimension4': 'Investment Firm Buys Northwest Hardwoods Inc', Mr. Rosengarth went on to say, "While the ownership group has changed, Northwest Hardwoods will continue to be the same great company our customers have valued for many years. This company offers wholesale/retail of building products. Northwest Hardwoods had debt of US$ 270 million. SWFI is a minority-owned organization. 70 reviews from Northwest Hardwoods employees about Northwest Hardwoods culture, salaries, benefits, work-life balance, management, job security, and more. 3000 GALVIN RD CENTRALIA, WA 98531 Get Directions (360) 736-2811. www.northwesthardwoods.com . CLAIM THIS BUSINESS. © 2008-2020 Sovereign Wealth Fund Institute. Find out what works well at Northwest Hardwoods from the people who know best. com.realmagnet.MagnetLeads.init('OrfhmQgk6sGIKGvE9vw'); ITL is one of the largest global suppliers of North American hardwood, according to Northwest Hardwoods. gtag('js', new Date()); Company Overview. The Bankruptcy Court authorized Northwest Hardwoods to use over US$ 22 million of available cash to pay all critical vendors and other service providers any pre-bankruptcy amounts owing as invoices for those amounts become due and owing. CHI Acquisition LLC, a private investment company … SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. We rely on on-time and on-grade quality. Northwest Hardwoods is the largest United States manufacturer of North American hardwood lumber based on sawmill capacity. The firm is currently investing from Littlejohn Fund V, L.P., which has $2 billion in capital commitments. Today, we offer virtually every species and grade of commercially viable North American hardwood lumber. NWH has built a strong business and an outstanding reputation for working closely with customers and providing quality hardwood products. Northwest Hardwoods has acquired 1 company of its own, including 1 in the last 5 years.. Northwest Hardwoods has acquired in 1 US state. On November 23, 2020, Northwest Hardwoods, Inc. and certain of its affiliates moved forward its restructuring support agreement by filing voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. 'dimension1': 'Investment Firm Buys Northwest Hardwoods Inc', No affiliation or endorsement, express or implied, is provided by their use. Northwest Hardwoods is a Tacoma, Washington-based lumber manufacturer backed since 2014 by Littlejohn & Co. and CITIC Capital Partners. Northwest Hardwoods, Inc. Northwest Hardwoods Inc. of Tacoma, Wash., has acquired Beachwood-based Industrial Timber & Lumber Co. for an undisclosed amount. For maps and directions to Northwest Hardwoods Inc view the map to the right. 'dimension6': 'track', ", TJ Rosengarth, President and CEO of NWH, noted "Our customers have been extremely loyal over many decades and we very much appreciate that. function gtag(){dataLayer.push(arguments);} Since 1965, KenCraft Company, Inc. has dominated the hardwood lumber industry in Northwest Ohio and Southeast Michigan. There are 38 companies in the Northwest Hardwoods, Inc. corporate family. Uncover why Northwest Hardwoods is the best company for you. ... BBB Northwest - Pacific. Northwest Hardwoods Inc is located at the address 711 Highway 43 S in Tuscumbia, Alabama 35674. About American Industrial PartnersAmerican Industrial Partners ("AIP") is an operationally oriented middle-market private equity firm that makes control investments in North American-based industrial businesses serving domestic and global markets. com.realmagnet.MagnetLeads.visitPage(); GREENWICH, CT -- Littlejohn & Co., LLC a private investment firm based in Greenwich, CT  announced the acquisition of Northwest Hardwoods, Inc. ("NWH"), the leading manufacturer and distributor of North American hardwood lumber, from American Industrial Partners ("AIP"). Investors. 'dimension8': '197359', Headquartered in Tacoma, WA, NWH was successfully carved-out of Weyerhaeuser by AIP in 2011. Northwest Hardwoods, Inc. has 2,000 total employees across all of its locations and generates $791.16 million in sales (USD). At our core, Northwest Hardwoods is a no-nonsense company in a no-nonsense business. We'll deliver the most current and interesting sovereign wealth and financial news straight to your inbox. According to the filing, Northwest Hardwoods, Inc., is 100% owned by co-debtor Hardwoods Intermediate Holdings II, Inc., which is 100% owned by co-debtor Hardwoods Holdings, Inc. Sign Up for Woodworking Network Newsletters, Get the latest headlines delivered to you daily Subscribe, The 50 U.S. cities most affected by termites, California cabinet shop switches to Global Cabinet Supply components, Corrales teaches 'How to Shorten the CNC Learning Curve' at IWF Connect. NWH's lumber is a primary material used in the manufacturing of a multitude of products including: kitchen cabinets, hardwood flooring, molding, millwork, commercial interiors, furniture, recreational vehicles, musical instruments, railroad ties, and pallets. Northwest Hardwoods 711 Highway 43 S Tuscumbia AL 35674. The team that built that business, including the ex-CEO, is now with AIP, after they sold Northwest. Lumber company Northwest Hardwoods Inc. is on the auction block, according to people familiar with the matter. '); Location Map. Northwest Hardwoods has a reputation for being a highly versatile supplier amongst distributors, manufacturers and makers. Have something to say? 111 Sand Island Access Rd. 248-0401 for pricing, hours, directions, reviews and information for Hardwoods! Constitutes acceptance of our terms of use agreement which includes our privacy policy Inc view the map to the.... By Littlejohn & Co. and CITIC Capital Partners and Morgan Stanley out what well. Reward our customers ' loyalty by providing innovative products and exceptional service at affordable prices. who. Fund V, L.P., which has $ 2 billion in equity Capital WA and has approximately 400.! Grade of commercially viable North American hardwood lumber annually and has operations in the Northwest Hardwoods had of. 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