Private equity firm Industrial Opportunity Partners (IOP) has purchased roofing manufacturer Union Corrugating Company Holdings Inc. for an undisclosed amount. This is the tenth platform investment from the firm’s most recent fund.
Union Corrugating, headquartered in Fayetteville, North Carolina, is a maker of metal roofing systems and roofing parts. The target’s products are used for residential, commercial, and post frame agricultural building purposes. Union Corrugating sells its roofing systems through an array of distribution channels, including: lumber retailers, wholesalers, home centers, and contractors. The target services more than 1,200 clients across the U.S. through its ten additional manufacturing facilities across the Southeast, Mid-Atlantic and Midwest region.