Private equity firm Industrial Opportunity Partners (IOP) has invested in Alexandria Moulding Inc., a manufacturer and distributor of wood mouldings. This is the ninth platform investment for the PE firm’s $275 million Industrial Opportunity Partners II fund. In September 2015, the fund also acquired Coldwater Veneer Inc., a manufacturer of hardwood veneer for building products.
IOP typically invests in manufacturing and distribution businesses with sales between $30 million and $350 million. Financial terms of the Alexandria Moulding transaction were not disclosed.