Novo acquires L.J. Smith Stair Systems
Novo Building Products, the Zeeland, Mich.-based manufacturer and distributor of mouldings, stair parts, doors, and specialty building products, has acquired L.J. Smith, Inc. – the stair and stair parts manufacturer.
In a statement, Novo said L.J. Smith offers the most complete line of core stocking and special-order stair parts to lumberyards and stair builders in the industry.
L.J. Smith, based in Bowerston, Ohio, had been a portfolio company of McDonough Corporation, a privately-held holding company operating in various industries including barge rental and marine logistics, construction elevators, and millwork. Novo Building Products is a subsidiary of Blue Wolf Capital Fund III, L.P. Terms of the deal were not disclosed.
“This is a highly strategic add-on for Novo. L.J. Smith has long been considered the preeminent stair parts business in the industry. The company offers our customers stair part manufacturing and distribution capabilities on a national scale and supports our vision of becoming the leading millwork supplier in North America,” said Tom Highley, CEO of Novo Building Products.
Novo’s divisions now include the Empire Company, Southwest Moulding Company, Ornamental Mouldings, Fletcher Wood Solutions and L.J. Smith and Creative Stair Parts.
In a statement, Novo said L.J. Smith offers the most complete line of core stocking and special-order stair parts to lumberyards and stair builders in the industry.
L.J. Smith, based in Bowerston, Ohio, had been a portfolio company of McDonough Corporation, a privately-held holding company operating in various industries including barge rental and marine logistics, construction elevators, and millwork. Novo Building Products is a subsidiary of Blue Wolf Capital Fund III, L.P. Terms of the deal were not disclosed.
“This is a highly strategic add-on for Novo. L.J. Smith has long been considered the preeminent stair parts business in the industry. The company offers our customers stair part manufacturing and distribution capabilities on a national scale and supports our vision of becoming the leading millwork supplier in North America,” said Tom Highley, CEO of Novo Building Products.
Novo’s divisions now include the Empire Company, Southwest Moulding Company, Ornamental Mouldings, Fletcher Wood Solutions and L.J. Smith and Creative Stair Parts.