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Forest City Trading Group has agreed to acquire the assets of Lake Oswego, Or.-based Affiliated Resources, Inc., a manufacturing, marketing, sales and distribution company specializing in the design, production and sale of proprietary branded wood steel and plastic products.
The company services original equipment manufacturing, agriculture, and industrial end-user businesses. Mike Wilkins, company founder, will remain with the company as president.
“This acquisition allows us to continue to diversify our portfolio into value-added industrial branded products and offer more services and growth into their multiple business segments,” said Craig Johnston, CEO of FCTG, which is comprised of 13 separate forest products companies.
“Our alignment with FCTG will allow our employees to continue to grow our business and provide them with the scale to service our ever-expanding customer base,” noted Wilkins. “Their high priority on talent acquisition and development, combined with the emphasis that both companies place on customer and suppler relationships fits our business model as we continue to innovate for our growing portfolio of industrial products.”
The deal was expected to close on Aug. 31.