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ADENTRA Inc. has completed the $130-million acquisition of substantially all the assets of Midwest wholesaler Woolf Distributing Co., Woodstock, Il., and has assumed certain working capital liabilities.
“We are pleased to welcome Woolf’s team to ADENTRA,” said Rob Brown, president and CEO of ADENTRA. “Woolf expands our geographic footprint and product offering, adding complementary millwork locations to our U.S. Midwest operations, as well as new branded specialty products in the outdoor living product category. The addition of Woolf also deepens our access to the attractive pro dealer customer channel where ADENTRA expects favorable multi-year demand from new residential and repair and remodel markets, supported by low existing home inventories, favorable demographics, strong home equity levels and an aging U.S. housing stock.”
Woolf is a value-added distributor of architectural building and millwork products for residential and commercial markets, serving customers in seven U.S. states from four facilities located in Northern and Central Illinois, and in Northen Wisconsin. Woolf’s millwork product category includes interior and exterior doors and associated products. Its specialty building materials category is focused on products for outdoor living spaces, including composite decking and composite and aluminum railing.
Woolf adds value to millwork products by machining doors to customer specifications, pre-hanging door units in jambs, and pre-finishing millwork products as requested. Its customer base is comprised of professional building materials dealers, one-step distributors, millwork houses, and big box stores. Woolf has a strong culture of customer service, with a long tenured management team led by its president and CEO Craig Steagall, who will remain with ADENTRA post-acquisition.
During the 12 months ended June 30, 2024, Woolf achieved $164 million in sales.
ADENTRA is one of North America’s largest distributors of architectural products to fabricators, home centers, and professional dealers servicing the new residential, repair and remodel, and commercial construction end markets. The Company currently operates a network in North America of 86 facilities in the United States and Canada.
