16 WESTERN PALLET
30 WESTERN PALLET
Ankura Capital Advisors Advised on the Sale of Jacob A Weaver Company
While at their previous company, experts at Ankura Capital Advisors, LLC acted as the sole financial advisors to Jacob A Weaver Company during its acquisition by Olympic Forest Products.
Founded in 1994, Jacob A Weaver Company is a family-owned enterprise in Cochranton, Pennsylvania. It produces and supplies pallets and various other wooden items. The company collaborates with its clients to offer sustainable pallet solutions for typical pallet design and procurement issues across the supply chain.
“Jacob A Weaver Company is in the right hands to take the company forward for the next thirty years,” commented Jacob Weaver, founder and owner of Jacob A Weaver Company.
“Finding a partner who would take care of the business and respect our unique workforce and culture was of the utmost importance. The existing management team will remain in place and continue to lead the company forward, and I am excited to see it continue to grow under the ownership of Olympic Forest Products.”
Located in Cleveland, Ohio, Olympic Forest Products was established in 1981. Through its acquisition of Jacob A Weaver Company, Olympic has further
broadened its manufacturing operations, enabling it to serve its nationwide clientele with increased efficacy.
"The Weaver name is one which has been around the pallet industry almost since its inception, so we will be sure to do well by Jacob"
“The Weaver name is one which has been around the pallet industry almost since its inception, so we will be sure to do well by Jacob,” noted Dan Andrews, CEO and owner of Olympic Forest. “We are humbled to take on the stewardship of this great company and ensure the Weaver name continues to be revered.
Many thanks to the Ankura Capital Advisors team; this is our second transaction with the team, and we are pleased with how smooth and efficient they are in running their processes. This transaction is the largest we’ve undertaken but will, no doubt, be a foundation of our business for years to come.”
“It has been an honor to be a part of preserving the legacy of Jacob and the Jacob A. Weaver Company,” reflected Kathleen Lauster, Ankura Capital