Hardwoods Distribution Inc., has purchased substantially all the assets and assumed certain liabilities of Diamond Hardwoods ("Diamond," the “Transaction”) through its subsidiary Hardwoods Specialty Products US LP.
Diamond is a wholesale distributor with locations in Fresno and Bakersfield, CA. The company distributes architectural building products to contractors, industrial manufacturers, and retail customers, and will operate under the Hardwoods brand name going forward.
Rob Brown, HDI's President and Chief Executive Officer Noted that the addition of Diamond complements the their existing Northern California operations and provides additional size and scale in an attractive growth market. "The Transaction broadens our service capabilities in Northern California, while adding bench strength to our team and a customer set with minimal overlap.”
HDI has been successful with its acquisition strategy adding $690 million in annualized sales and 45 new branch locations since 2011.