Hygrade Metal Moulding Manufacturing Corporation, Bethlehem, PA, is a leading manufacturer of aluminum and steel roll-formed products used as components in windows and doors. Northwood led the management buyout of Hygrade in 1992. Hygrade completed recapitalizations in 1995, 1999 and 2006 and also acquired Stalnaker-Elliott in 1998. In 2010 Northwood sold its equity position back to the company for cash and notes, which were redeemed in 2012.

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