TruStile Doors Enters into Agreement to Purchase Door Division of Woodharbor Doors and CabinetryFebruary 10th, 2011 | Category: Industry News
Denver-based TruStile Doors LLC announced today that it has entered into an agreement to purchase the door division of Woodharbor Doors and Cabinetry based in Northwood, Iowa. Trustile says it expects the purchase will close within the next month, at which time Woodharbor Doors will become a fully owned subsidiary of TruStile Doors.
Woodharbor Cabinetry will continue to operate as a separate company under the guidance of its current ownership and management team. Woodharbor Doors’ plant in Northwood will expand TruStile’s production capacity, broaden its product line and provide it with new capabilities, according to TruStile.
“The Woodharbor door business represents a very compelling acquisition for TruStile,” says
Scott Schmid, president and CEO of TruStile. “The product line expands TruStile’s addressable market for stainable wood doors and adds new capabilities such as furniture grade factory finishing to our offering.”
For Woodharbor Cabinetry, the sale of the door business enables ownership to focus on their custom cabinetry business while capitalizing on the value they have built into the Woodharbor Door business since its founding in 1993.
“TruStile approached us because our two companies are an excellent fit,” says Curtis Lewerke, Woodharbor president and chief executive officer. “We only considered this opportunity because TruStile is a proven leader in the custom door industry and they are committed to maintaining the door operation we built in Northwood, Iowa.”
All of Woodharbor Door’s key personnel will continue to work for the Woodharbor door division, according to TruStile.