prnewswire.com – Weaber, Inc. (“Weaber”), based in Lebanon, Pennsylvania, announced today that its CEO, the grandson of Weaber’s founder, Matthew G. Weaber, has led a recapitalization of its business which has transitioned a controlling interest in the company back to the Weaber family. Cleveland based Cyprium Partners, a private equity firm focused on making non-control investments, supported Mr. Weaber in the recapitalization of the Company. Weaber is a leading producer of high quality hardwood products including Oak flooring, Poplar and Oak moulding, finished trim boards, plantation shutter louvers, and hardwood stair components which are sold throughout the country to pro-contractor yards, specialty flooring distributors, big box retailers, building products wholesalers and various other outlets.
According to Matthew G. Weaber, President and Chief Executive Officer, “This is an incredibly exciting time for my family and our employees. As a result of this transaction, our business is well positioned for substantial growth in the industry and will allow us to better serve our customers and our community. As a testament to our management team, market strategy and strategic focus, the Company has attracted an experienced investor group in Cyprium Partners who we believe are committed to supporting our Company for the years to come.”