IRVING, Texas — Builders FirstSource Inc., a large U.S. supplier of building products, prefabricated components, and value-added services to the professional market segment, has acquired High Mountain Door & Trim Inc. (HMDT), a division of 1847 Cabinets.
Headquartered in Reno, Nevada, and founded in 2014, High Mountain specializes in all aspects of finished carpentry products and services. Under the terms of the purchase agreement, HMDT's operating assets were sold to Builders FirstSource, subject to a net working capital adjustment and other customary terms. 1847 expects to utilize a portion of the proceeds from the sale to continue its strategic mission of buying, operating and selling undervalued business.
Details of the deal were not disclosed, although 1847 said that the sales price was double what they originally paid for it.
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