Langley, BC (pcJ News Briefs) – Hardwoods Distribution Inc. (TSX: HWD), through its subsidiary Rugby Holdings LLC, has acquired substantially all of the assets and assumed certain liabilities of Eagle Plywood and Lumber for US $0.4 million plus up to an additional US $0.2 million in earnout payment.
Eagle Plywood and Lumber 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 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,” said 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.”
Hardwoods Distribution Inc. is a 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.