LANGLEY, B.C. – British Columbia-based Hardwoods Distribution Inc. (HDI) says its subsidiary U.S. subsidiary acquired a plywood distribution firm near Los Angeles.
Hardwoods Specialty Products US LP purchased Far West Plywood. a single site wholesale distributor located in Northridge, California. The firm distributes architectural building products to customers that fabricate end products for commercial, industrial, retail, residential, and institutional construction markets. Far West Plywood, established in 1960, will operate under the Hardwoods brand name going forward.
“We have been successful with our acquisition trategy having now completed eight acquisitions in the last eight years, adding over $565 million of annual sales," says Rob Brown, HDI’s President and Chief Executive Officer. "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.
HDI is North America’s largest distributor of architectural grade building products to the residential and commercial construction markets. The Company operates a North American network of 63 distribution centres utilizing three industry-leading distribution brands: Hardwoods Specialty Products; the Frank Paxton Lumber Company; and Rugby Architectural Building Products. HDI also operates one sawmill and kiln drying operation, Hardwoods of Michigan. www.hardwoods-inc.com
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