ndustry Expert and Manufacturing Owner Bill Melnik Makes Strides to Finalize Purchase of Woodlore International Inc.
Woodlore International Inc. (Woodlore) is pleased to announce Bill Melnik as its soon to be owner and CEO. Expected to finalize on or around November 14, under a Supreme Court ordered process, Melnik, CEO and owner of BRC Group and Tayco, will acquire 100% of Woodlore under a Reverse Vesting Order. Melnik’s industry experience and entrepreneurial mindset and long with his leadership team, will propel growth at Woodlore through their OEM business and its leading-edge production facility.
This change unlocks a new era of for Woodlore and marks a substantial investment in the company’s future. Melnik’s knowledge and leadership as owner of the BRC Group of Companies (BRC) and Tayco, both premium mid-market office furniture manufacturers, brings unique industry expertise that will allow Woodlore to expand with additional OEM contracts.
“This is an exciting opportunity for Woodlore’s growth,” says BRC and Tayco CEO Bill Melnik. “Since last year’s successful acquisition of Tayco and its rapid growth, it has been my mission to secure an additional manufacturer, where my executive team can foster additional opportunities for growth, job creation and to improve efficiencies through additional sales streams in the North American market.”
Woodlore will continue to function separately from BRC and Tayco under Melnik’s leadership. All organizations will leverage their unique capabilities and industry knowledge to increase efficiency and strengthen partner relationships. As Woodlore progresses under the new leadership, a full brand audit and evolution will begin to take place to refresh Woodlore’s look and attract new OEM customers.
“When I was first approached about the opportunity to acquire Woodlore, I was thrilled,” says Bill Melnik, CEO of BRC and Tayco. “Woodlore’s state-of-the-art manufacturing facility and experienced workforce gives them a strong foundation for us to create opportunities for ample growth, increase efficiencies and develop a strong organizational culture.”
Melnik and the BRC and Tayco leadership teams will ensure a solid future for Woodlore.