Atlas Holdings LLC aquires Trus Joist from Weyerhaeuser

Aug 18, 2009. /Lesprom Network/. Atlas Holding LLC has acquired the Trus Joist Commercial division from Weyerhaeuser, ForestTalk reported. Atlas will establish the division as an independent business, to be renamed RedBuilt. Its headquarters will be returned to Boise, Idaho, and members of the company's former management team will return as investors and managers of the business. Atlas' operations in the United States, Canada and Europe include more than 40 facilities and 3,200 employees. Its businesses are engaged in a broad spectrum of industries, including building materials and wood products, pulp and paper manufacturing, packaging, capital equipment, and industrial services. Formerly owned by Weyerhaeuser, the Commercial Division of Trus Joist, now RedBuilt, is recognized as a world leader in developing wood-based open-web structural solutions. It offers the industry's most innovative engineered wood products and building systems for commercial, industrial, and multifamily applications. RedBuilt's offerings include composite wood-and-steel open-web trusses, I-joists, engineered lumber like LVL (laminated veneer lumber), and complementary components, product engineering, and onsite technical support, as well as a range of concrete-shoring and scaffold-planking solutions. Atlas specializes in the purchase of middle-market companies in distress or facing complex financial, labour or environmental issues, including bankruptcy reorganizations, restructurings and challenging corporate divestitures. The Othello Group and Trus Joist acquisitions typify its experience in acquiring divisions of major companies and successfully transitioning them into independent businesses.