Stout Advises Russell Plywood on Its Sale to Würth Baer Supply Company

February 06, 2024

Stout has advised Russell Plywood, Inc. on its sale to Würth Baer Supply Company. The transaction closed on January 31, 2024. Stout served as the exclusive financial advisor to Russell Plywood in connection with the transaction.

Founded in 1953 and based in Reading, PA, Russell Plywood is a leading distributor of high-quality veneer products, thermally structured panels, specialty products, and composite panels serving the Northeastern U.S. market. The company has a comprehensive product portfolio offering 100+ SKUs and imports its products from around the world. The company’s products have numerous attractive repair and remodel applications, such as cabinetry, flooring, counter tops, and fixtures, among a variety of others, and are provided to thousands of customers annually.

Founded in 1950 and headquartered in Vernon, IL, Würth Baer Supply Company is one of the nations leading specialty wholesale distributors to the woodworking industry, offering an extensive inventory of decorative and functional hardware and fittings, tools, shop supplies, surfacing materials, and board and panel products. Würth Baer Supply Company is a member of the Würth Group of Germany, the worlds largest fastener distributor, with over 400 companies in 85 countries.

Russell DiGiallorenzo Jr., CEO and Owner of Russell Plywood, said, “On behalf of myself and the employees of Russell Plywood, I would like to welcome the Würth Baer Group. We look forward to years of continued strong growth and advancement now having joined forces as one team. I would also like to thank Steven Rathbone and his team at Stout and Deborah Spranger and her team at Troutman Pepper. None of this would have been possible without their professionalism and dedication.”

Steven Rathbone, Managing Director at Stout, said, “From the outset, Mr. DiGiallorenzo was adamant about joining forces with a market leader that would respect and foster the Russell Plywood culture, values, and hard-earned reputation for the highest quality customer service in the market. Würth, being a revered global company with strong family values and culture, brings each of these elements to the combination along with immense scale, a national distribution footprint, and the broadest offerings of wood, surfacing materials, accessories, and tool products in the market. By combining with Würth, Russell Plywood is ideally positioned for its next phase of growth leveraging the vast resources of a global leader. Congratulations to the Russell Plywood and Würth teams.”

Stout’s Steven Rathbone, Mark Abbott, Luke Korney, and Garrett Reich led the execution of the transaction.

Troutman Pepper Hamilton Sanders served as legal counsel to Russell Plywood, and Bryan Cave Leighton Paisner served as legal counsel to The Würth Group.

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