White Owl Family Office Ltd. together with the executive team of Olon Industries has announced that they have successfully partnered to complete the acquisition of Olon Industries (www.olon.com).
Olon Industries of Georgetown, Ontario and with offices in Jeffersonville, IN,
Washington, IN and Lexington, NC, is one of North America’s leading single-source manufacturers of quality components and custom solutions for the furniture and cabinet making industries.
The ownership change and associated recapitalization demonstrate strong support for Olon’s growth plan while creating the financial stability to support future investments.
"White Owl was impressed with Olon's strong management team and the exciting future for the 5-piece door products and the continued success of all its other products,” said Barrie Brayford, Chief Operating Officer, White Owl Family Investment Holdings Ltd., the investment company of The Miller Group. www.millergroup.ca and McAsphalt Industries Limited www.mcasphalt.com
“We see a great potential for the 5-piece door product as it continues to gain market share and acceptance throughout the U.S. We also believe the Olon companies and its employees represent a valuable investment for us and we look forward to working with Olon management and visiting all of the facilities and employees.
“We are very impressed with White Owl’s investment philosophy and entrepreneurial spirit which we feel is an excellent fit for Olon. We are confident that this partnership will bring prosperity and success for Olon and our partners", said Don Hambly, president & CEO of Olon.