In a strategic move to broaden its investment horizons, the Third Avenue Small-Cap Value Fund has recently integrated two new entities into its portfolio. The fund, known for its disciplined, value-centric approach, acquired stakes in Boise Cascade, a prominent distributor and manufacturer of building materials, and Rogers Corporation, a company at the forefront of advanced electronic and elastomeric material solutions.
Boise Cascade operates through two distinct yet complementary divisions: building materials distribution and wood products manufacturing. This dual operational model provides the company with a robust market presence and diversified revenue streams within the construction sector. Concurrently, Rogers Corporation's business is structured around two key segments: Advanced Electronic Solutions, which focuses on sophisticated substrates, interconnects, and circuit materials, and Elastomeric Material Solutions, dedicated to providing innovative urethane and silicon-based products to its clientele.
These new additions underscore the fund's ongoing strategy to identify and invest in small-cap companies with strong fundamentals and significant growth potential. By targeting businesses that offer essential products and services across diverse industrial applications, the Third Avenue Small-Cap Value Fund aims to enhance its portfolio's resilience and long-term value, reflecting a commitment to fostering economic progress through strategic capital allocation.