Clarion Industries has been sold to Kronospan

Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Clarion Industries Inc. (“Clarion” or the “Company”), has been acquired by Kronospan. Terms of the transaction were not disclosed.

Founded in 1997 and headquartered in Clarion, Pennsylvania, Clarion is a leading manufacturer of medium- and high-density fiberboard and laminate flooring products, primarily for the residential repair and remodel end market. The Company is the only laminate flooring supplier in the U.S. with vertically integrated manufacturing facilities at one location. Clarion enjoys a strong partnership with leading home centers that value the Company’s domestic manufacturing capabilities. Clarion’s strong product offering and customer service model have enabled it to become the supplier of choice to its customers. For more information, please visit www.clarionindustries.com.

This transaction represents another important cross-border deal for Lincoln’s highly active Building and Infrastructure Group. “We were honored to work with Clarion on this successful transaction,” said Jeff Corum, Head of the Building and Infrastructure Group at Lincoln. “Clarion is a leader in its industry, run by a highly successful and experienced management team, and Kronospan is a strong strategic buyer that will support the Company’s continued growth both organically and through acquisition.”

Lincoln acted as the exclusive investment banking representative for Clarion in this transaction, working closely with the Company’s shareholders and management throughout the sale process. “Lincoln was a valued partner throughout the transaction,” said Jose Kofman, CEO of Clarion. “Their extensive experience in the building products industry proved invaluable as they managed a disciplined process that produced a great outcome.”

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