Announced
Synopsis
Clearlake Capital, a private equity firm, agreed to acquire Dimora Brands, a manufacturer of wood products and materials primarily used in construction, from The Jordan Company, a private equity firm. Financial terms were not disclosed. The transaction is expected to close in December subject to customary closing conditions. "Our team is thankful for the opportunity to partner with The Jordan Company for the past four years. With their guidance and support, Dimora Brands has continued its growth into a leader in kitchen and bath products. We expect to enjoy the benefits of Clearlake's deep experience in building products and their insights into operational excellence as we continue to build on our successes," Greg Gottlieb, Dimora Brands CEO.
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