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Langley, B.C., January 29, 2019 – Hardwoods Distribution Inc. (HDI) announced that it has, through its subsidiary Hardwoods Specialty Products US LP, purchased Far West Plywood.
Far West is a single site wholesale distributor located in Northridge, California, from where they distribute architectural building products to customers that fabricate endproducts to commercial, industrial, retail, residential, and institutional construction markets. Far West will operate under the Hardwoods brand name going forward.
“The addition of Far West represents a contiguous expansion of our current Southern California operations and provides additional size and scale in an attractive growth market,” commented Rob Brown, HDI’s President and Chief Executive Officer.
“We have been successful with our acquisition strategy having now completed eight acquisitions in the last eight years, adding over $565 million of annual sales. And our acquisitions pipeline remains active. We will continue to pursue additional transactions that complement our internal growth strategies.”
With this acquisition HDI now has added 39 distribution centers, to its distribution network, in the past eight years bringing to 63 distributions centers servicing the North American Market.