What happens to wood when it's subjected to lots of water? Nothing, if Osmose has its way. The company makes wood preservatives that repel water and termites, as well as inhibit the growth of mold. Among its consumer products are stains and water repellants; the company also makes preservatives for lumber and plywood. For railroads, Osmose produces preservatives for railroad ties and offers maintenance services. Through its Osmose Utilities Services unit, it provides pole maintenance and inspection services for electric, telecommunications, and gas utilities. The company has operations worldwide. Oaktree Capital Management, the private equity arm of Oaktree Capital Group, acquired the company in 2012.
Osmose operates in four reporting segments: Wood Preserving, Utilities, Railroad, and International. Its North American manufacturing facilities are located in New York, Tennessee, South Carolina, Oregon, and Ontario, Canada. Its subsidiary, Wood Protection Company, operates a lumber treatment plant in Texas.
In 2011 the company closed the acquisition of TelPlexus, the Tennessee-based provider of telecommunication engineering services. TelPlexus, founded in 1998, will continue to operate as a wholly owned subsidiary of Osmose. It soon followed the buy with another purchase of a telecom engineering services firm, BBCom, which aids in the design and installation of custom fiber networks.
The company had also expanded its operations in 2010 by acquiring Nebraska-based Pole Maintenance Company. Its services included wood pole inspection and treatment, pole restoration, and joint use operations. – less