LANGLEY, B.C. -- Hardwoods Distribution Inc. has announced the completion of its previously announced acquisition of substantially all of the assets, and assumption of certain liabilities, of Pacific Mutual Door Co.
The transaction was completed for a purchase price of U.S. $34.5 million and other consideration, subject to final working capital adjustments.
Pacific is a wholesale distributor of interior and exterior doors, custom millwork, and related building products. For the trailing twelve-month period ended July 2019 Pacific's revenues were U.S. $58 million .
Pacific operates five strategically located facilities in Nashville, Kansas City, Missouri, Olathe, and Osborne, Kansas, and Albuquerque, New Mexico.
“We are pleased to welcome the employees of Pacific to HDI”, said Rob Brown, president and chief executive officer of HDI. “This strategic acquisition brings with it a highly profitable business model, and increases our existing presence in the attractive door and related millwork product category.”
HDI is North America’s largest wholesale distributor of architectural grade building products to the residential and commercial construction sectors. The company operates a North American network of 67 distribution centers, as well as one sawmill and kiln drying operation. See http://www.hdidist.com
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