Osmose Holdings, a manufacturer of wood preservation chemistry and technology, announced that it has reached an agreement to be acquired by Oaktree Capital Management, the company announced today.

Osmose president and CEO James Spengler said the company’s brand recognition and reputation were what attracted Oaktree to acquire the company.

“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 customers’ expectations,” Spengler said.

The Buffalo, N.Y.-based manufacturer provides wood preservation technologies and services used within the lumber treatment, utilities, and railroad industries around the world. It manufactures treated wood products under the MicroPro, Nature Wood, Advance Guard, Hi-bor, and FirePro brand names.

“We are delighted to have the opportunity to invest in Osmose and to provide the company with additional resources and capabilities to expand its product and service offerings, invest in additional research and development, and deliver superior customer service,” said Ian Schapiro, managing director of Oaktree’s GFI Energy Group.

Osmose is a 78 year old private company and was advised by Western Reserve Partners during the transaction.