Industrial Opportunity Partners (IOP), an operations-focused private equity firm, has completed the sale of portfolio company Union Corrugating Company Holdings to Cornerstone Building Brands, a manufacturer of exterior building products for residential and low-rise non-residential buildings in North America.
Terms of the transaction, which is IOP’s eighth investment realisation from its USD275 million second fund, Industrial Opportunity Partners II, have not disclosed. IOP acquired Union Corrugating in December 2016.
