Hardwoods Distribution Inc. (“HDI”) has entered into an agreement to acquire substantially all of the assets, and assume certain liabilities, of Pacific Mutual Door Company (“Pacific”), as the company said in the press release received by Lesprom Network.
Pacific is a wholesale distributor of interior and exterior doors, custom millwork, and other ancillary building products. For the trailing twelve-month period ended July 2019 Pacific’s revenues were $58 million.
The purchase price payable by HDI is $34.5 million and other consideration. Completion of the transaction is subject to a number of conditions customary for a transaction of this nature. The transaction is expected to close in October 2019.
HDI is North America’s largest wholesale distributor of architectural grade building products to the residential and commercial construction sectors.
