Reinhold Industries Inc. said Thursday that its board unanimously agreed to a buyout offer from an affiliate of San Francisco-based equity firm Jordan Company LP. The deal in total is worth $41.3 million.

The Santa Fe Springs-based maker of composite components agreed to a $12.50 a share price for all outstanding stock. Shares in Reinhold closed up 30 cents at $12.80 on Thursday.

Ralph R. Whitney, Jr., Reinhold’s chairman cited strategic reasons for the sale of the company.