August 24, 2009—Atlas Holdings LLC announced that it has acquired Weyerhaeuser Company’s former Trus Joist Commercial division, a leading global producer of engineered wood products and building systems.
Atlas will establish the division as an independent business, to be renamed RedBuilt. Its headquarters will be returned to Boise, Idaho, and members of the company’s former management team will return as investors and managers of the business.
The business, founded 50 years ago, employs 235 people, with manufacturing facilities in Chino, Calif.; Hillsboro and Stayton, Ore.; and Delaware, Ohio, as well as 13 design and sales offices located across the United States. Terms of the August 14, 2009, transaction were not disclosed.
This is Atlas’ second major acquisition in 2009. In May, the Greenwich, CT.-based firm purchased the second-largest wheel blast and surface preparation equipment provider in Europe—the Othello Group—from Wheelabrator Group. The acquisition established Atlas subsidiary Pangborn Corporation as the third-largest wheel blast company in the world.
Atlas’ operations in the United States, Canada and Europe include more than 40 facilities and 3,200 employees. Its businesses are engaged in a broad spectrum of industries, including building materials and wood products, pulp and paper manufacturing, packaging, capital equipment, and industrial services.
For more information, see the RedBuilt Web site.
