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Hardwoods Distribution Inc. has, through its subsidiary Hardwoods Specialty Products US LP, purchased substantially all of the assets and assumed certain liabilities of Northern California distributor Aura Hardwoods for $12.7 million.
Aura is a wholesale architectural building products distributor with estimated annual sales of $53 million, operating six locations in Modesto, Rancho Cordova, San Jose, San Luis Obispo, Fresno and Santa Cruz. Aura will operate under the Hardwoods brand name going forward.
“California represents a significant market opportunity for us and we are excited by the addition of Aura to our operations in this state,” said HDI president and CEO Rob Brown. “Together with the acquisition of Far West Plywood in 2019 and Diamond Hardwoods earlier this year, we have grown our location count in the California market from three to 12 distribution sites, giving us comprehensive coverage in this attractive growth market.”
Overall, HDI operates 71 distribution centers in the U.S. and Canada, making it North America’s largest distributor of architectural grade building products to the residential and commercial construction markets.