HDI continues acquisition spree, buys one of California's largest hardwood distributors
December 9, 2020 | 11:54 am CST
LOS ANGELES – Hardwoods Distribution Inc. (HDI) has purchased Aura Hardwoods, one of the largest hardwood distributors in Northern California.
Aura operates six locations across Northern California: Modesto, Rancho Cordova, San Jose, San Luis Obispo, Fresno, and Santa Cruz.
“As part of our overall strategic plan for California, we combined two well-established, highly reputable companies – Aura and Hardwoods – to drive accelerated growth,” said HDI VP Dan Besen. “Along with our other recent acquisitions, Far West Plywood in January 2019 and Diamond Hardwoods in March 2020, our combined California footprint of 12 branches provides us a much better platform to be the premier distributor of architectural building products to both the design and millwork community throughout California."
The Hardwoods acquisition of Aura Hardwoods reflects one component of its long-term growth strategy. Over half of HDI’s annualized sales today come from acquired businesses, and over the last two years it has added over $150 million in annualized sales to the top line. The acquisitions pipeline is active and with HDI’s continued balance sheet strength, it intends to pursue additional transactions.
HDI's acquisition strategy seems to be successful - adding $690 million in annual sales and 45 new branch locations since 2011. It also acquired Pacific Mutual Door company October 2019 for $34.5 million.
HDI is among North America's largest distributors of architectural grade building products to the residential and commercial construction markets. The company operates a North American network of 66 distribution centers that operate under three brands: Hardwoods Specialty Products; the Frank Paxton Lumber Company; and Rugby Architectural Building Products. HDI also operates one sawmill with kiln drying operation, Hardwoods of Michigan.
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