Osmose Holdings, Inc. Acquired by Oaktree Capital Management

Osmose Holdings, Inc., a diversified global manufacturer of wood preservation chemistry and research and a specialty service provider to the utilities and railroad industries, announced that it has closed an agreement to be acquired by certain investment funds managed by Oaktree Capital Management, L.P. of Los Angeles, California.

James Spengler, President and CEO of Osmose, will continue to serve in the same capacity along with Osmose's existing management team. "Osmose has built very strong brand recognition and a solid reputation for innovative products and services, excellent customer service, best in class safety performance and good growth prospects across all its business segments which attracted Oaktree to seek a partnership with management to pursue strategic growth plans. Oaktree can provide substantial additional resources and is committed to investing in Osmose to help us expand our product and service offerings and to better meet and exceed our clients' expectations" said Spengler.