Sources: The Anderson Group, LLC, Bloomfield Hills, Mich.; CP staff
Anderson Group has expanded Columbus, Ohio-based Oberfield’s, LLC’s stake as one of the Midwest’s leading concrete masonry and landscape unit operators, acquiring block producers Wellnitz Co., Columbus, and Wilson Concrete Products, Dayton. The transactions net a production facility, plus broader customer base and market penetration.
Source: The Anderson Group, Bloomfield Hills, Mich.
In partnership with management and existing owners, Anderson Group has purchased the assets of Columbus, Ohio-based concrete masonry and landscape unit producer Oberfield’s LLC. Principals describe the transaction for the six-plant operator as an out-of-court restructuring of a profitable, but over-leveraged business that had limited access to necessary capital.