Hardwoods Distribution Inc. has purchased Diamond Hardwoods, a wholesale distributor with locations in Fresno and Bakersfield, California. With the move, Hardwoods expands its West Coast presence with a leading building products distributor in California.
Diamond distributes architectural building products to contractors, industrial manufacturers and retail customers. Diamond will operate under the Hardwoods brand name going forward.
"I’m pleased to announce the acquisition of Diamond Hardwoods, the addition of
Diamond complements our existing Northern California operations and provides additional size and scale in an attractive growth market," said Rob Brown, HDI's president and CEO. "
“The transaction broadens our service capabilities in Northern California, while adding bench strength to our team and a customer set with minimal overlap. Diamond will operate under the Hardwoods brand name as part of our Hardwoods Northern California Group led by General Manager Mike Couture.
“We appreciate the opportunity to continue to provide outstanding service to Diamonds loyal customer base, and provide them with a wider range of products and vendor relationships going forward,” Couture said.
HDI has been successful with its acquisition strategy adding $690 million in annualized sales and 45 new branch locations since 2011.
Diamond Hardwoods has been supplying Fresno area customers with high quality lumber, plywood and architectural products since 1996.
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 66 distribution centres that operate under three leading distribution 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.