Hardwoods acquires Eagle Plywood and Lumber

On Monday, 13th March, Hardwoods Distribution Inc. (Hardwoods) disclosed its procurement of Eagle Plywood and Lumber (Eagle) through its subsidiary, Rugby Holdings LLC (Rugby) for a total of CAD$538,000 (USD$400,000) with an added CAD$269,000 (USD$200,000) subject to future sales.

Located in Dallas, Texas, Eagle is a single site wholesale distributor dealing with the distribution of non-structural architectural grade building materials to customers supplying end-products to the industrial, institutional construction, residential, retail and commercial end-markets, with yearly sales estimated to be at USD$5 million.

The acquisition will be amalgamated into Hardwoods’ extant distribution facility in Dallas, Rugby.

President and CEO of Hardwoods, Rob Brown, commented, “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. 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.”

Source: CNW, a Cision Company