Skip to content

Hardwoods Distribution : Announces Acquisition of Eagle Plywood and Lumber

Table of Contents

LANGLEY, BC, March 13, 2017 /CNW/ – Hardwoods Distribution Inc. ("Hardwoods" or the "Company") (TSX: HWD) today announced that it has, through its' subsidiary Rugby Holdings LLC ("Rugby") purchased substantially all of the assets and assumed certain liabilities of Eagle Plywood and Lumber ("Eagle") for a total value of US$0.4 million plus up to an additional US$0.2 million subject to future sales performance (the "Transaction").03/14/2017 | 01:34am CET

Eagle is a single site wholesale distributor located in Dallas, Texas, with estimated annual sales of US$5.0 million, distributing non-structural architectural grade building products to customers that supply end-products to the commercial, industrial, retail, residential and institutional construction end-markets. The assets and sales associated with the Eagle acquisition will be consolidated into the Company's existing Rugby distribution facility in Dallas.    

"This acquisition is a good example of our ability to leverage the robust pipeline we acquired as part of the acquisition of Rugby Architectural Building Products last year," commented Rob Brown, Hardwoods' President and CEO. "Dallas is a significant market and the addition of Eagle to our existing operations in the region adds customers and bench strength to our team."

The Transaction purchase price was financed by a draw on the Company's existing US credit facility.

About Hardwoods Distribution Inc.

Hardwoods is North America's largest distributor of non-structural architectural grade building products to the residential and commercial construction markets. The Company operates a North American network of 60 distribution centres, as well as 1 sawmill and kiln drying operation.

SOURCE Hardwoods Distribution Inc.

© Canada Newswire, source Canada Newswire English


CPA Elects New 2024 Officers and Executive Committee Members

CPA Elects New 2024 Officers and Executive Committee Members

The CPA Board has elected the following at-large Executive Committee members and Officer positions effective immediately. Newly elected Executive Committee members are Steve Carroll, COO of Swiss Krono, Larry Broadfoot, COO of Collins Products, and Ray Chaaraoui, Sales Director of Kronospan. The 2024 Vice Chair and Secretary/Treasurer positions were

Members Public