April 16, 2022 | Bill Esler
New York, NY—One Equity Partners, a private equity firm that owns Wood Technologies International, raised $2.75 billion from investors to be used use in acquiring more businesses.
Wood Technologies, which One Equity says has the largest installed base of wood processing equipment on a global basis, was formed in November 2021 when One Equity acquired and merged USNR, based in Woodland, WA, with Wood Fiber Products, Ridgefield, WA. The firms totaled $500 million in revenue at that time.
Wood Technologies offers a variety of lines of engineered wood processing and Radio Frequency (RF) gluing equipment for products including LVL, Panel, I-Joist, OSB, MDF, particleboard, moulded door skins, pulp, gypsum fiber, finger joint lines, etc.
USNR provides comprehensive automation and technology system integration for mills—from log yards all the way through finishing equipment, and has more than 1,800 customers operating at 2,500 mill sites in 56 countries around the world. Operating four large manufacturing plants in the United States, Canada, and Sweden, USNR is best known for providing end-to-end solutions for sawmills and planer mills, including log lines, curve sawing gangs, edger lines, trim-sort-stack systems, dry kilns, and optimization and control technologies for the equipment. USNR also sells to manufacturers of plywood and other panel products.
USNR’s wholly owned subsidiary Mid-South Engineering delivers engineering services to wood processors across North America, as well as in Australia and New Zealand. With more than 30 licensed engineers distributed across five offices in the United States and Canada, Mid-South is the largest engineering services firm in North America focused on the wood processing industry. www.mseco.com
Wood Fiber Group acts as a “one-stop shop” provider of leading timber mill products under brands including Simonds International, Burton Saw & Supply, BGR Saws, Cut Technologies, Global Tooling, U.S. Blades, Armstrong Manufacturing, and Wright Machine Tool. The company has 12 facilities across major North American wood processing regions.
Wood Fiber Group was formed in January 2018 with the merger of Simonds International and Burton Saw and Supply. The company is the leading provider of cutting tools, consumable supplies, and tool maintenance equipment for the North American sawmill market and other wood fiber processing market segments. The company origins date back to 1832 and has a long track record of organic growth and acquisitions in the wood fiber market.
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