SYRACUSE, IN – Indiana-based Poly-Wood is undergoing a recapitalization through Oxford Financial Group, Ltd. and Cardinal Equity Partners of Indianapolis. Each are privately held. While all original Poly-Wood shareholders have remained invested, these new long-term relationships will provide strategic direction as Poly-Wood continues to implement aggressive growth plans.

“We are pleased to be part of this exciting new chapter of the Poly-Wood story,” said Jeffrey Thomasson, managing director & CEO of Oxford. “They are truly unique in the space, offering a total solution that includes the design and development of innovative products, merchandising support, manufacturing and quick delivery.”

“Poly-Wood is a leader in the outdoor furnishings industry,” added John Ackerman, managing director of Cardinal Equity Partners, “and we’re excited to take the Company to the next level of growth.”

Doug Rassi, president, CEO, and co-founder of Poly-Wood, will continue his role in the company and explained that, “Finding partners who understood our core strategy and visionary use of technology was key. We truly appreciate the enthusiasm both Oxford and Cardinal have shown for our business.”

With plans to expand already in motion, Poly-Wood will continue to provide customers with the service and support of a world-class company. “We look forward to gaining many new customers while developing numerous new and exciting products,” added Rassi.

A part of Poly-Wood’s current growth includes the construction of a new facility with nearly 5½ acres of usable floor space. This new building will provide a more efficient process for manufacturing, allowing Poly-Wood to make and ship our more than 5,000 different pieces of furniture in one place. “From start to finish we’ll be able to make the furniture and ship it without taking it across the street to another building,” said Rassi.

www.polywoodinc.com