Osmose bought by L.A. investment firmOsmose Holdings Inc is being acquired by a Los Angeles-based investment firm, Oaktree Capital Management L.P. Headquartered in Buffalo, Osmose is a manufacturer of wood preservation chemistry and a specialty service provider to the utilities and railroad industriesJames Spengler will continue in his role as president and CEO along with Osmose’s existing management team. "Osmose has built very strong brand recognition and a solid reputation for innovative products and services, excellent customer service, best in class safety performance and good growth prospects across all its business segments which attracted Oaktree to seek a partnership with management to pursue strategic growth plans". "Oaktree can provide substantial additional resources and is committed to investing in Osmose to help us expand our product and service offerings and to better meet and exceed our customers’ expectations" said Spengler in a statement. Source: Bizjournals.com |
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